Replies to post #461650 on Mr Cooper Group Inc fka COOP

[boarddork]

I betcha WMIIC banked its certificate income with its WMI consolidated affiliate bank, WMB.

WHY WOULD THEY BANK WITH ANYBODY ELSE BUT THEMSELVES?

WMIIC's (the 1st BK filer) assets, were protected from WMI (whose BK was filed 2nd), AND from the FDIC, who had no right to keep anything that belonged to WMI the holding company.

[BBANBOB]

" what $$ amount of revenue might this 42.2B generate??"

At say 5% a yr over yr for 8 yrs, you run the numbers.
2.1 bill X's 8 yrs at no interest is 16.8 bill let alone the principle