Replies to post #485038 on Mr Cooper Group Inc (COOP)

[garyhalvo]

This fact sheet tells it all. What a beautiful thing.
https://www.occ.gov/static/news-issuances/ots/press-releases/ots-pr-2008-46b.pdf

[bkshadow]

Sorry, that has nothing to do with the OP...

...and the post replies.

...that there was not only no $25B UPSTREAM from WMB to WMI at the time of the seizure, there was also no $25B DOWNSTREAM from WMI to WMB either.

...factually, and as per the court documents, there as a $500M DOWNSTREAM from WMI to WMB (which the D&O was "SUED" for reimbursement).

...so, the theory(ies) was(were) $24.5B and $20.5B OFF from the actual $500M.

...here is the post.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133940418

...of course there was cash at WMI/WMIIC; and there was a great deal of litigation over the $4B< deposit "that WMI actually got to keep."

...is was cash on hand, not OFF BALANCE, not SAFE HARBOR, etc.

...and since it was $4B< ON HAND, it was not $25B or $21B "about to be UPSTREAMED from WMB to WMI or DOWNSTREAMED from WMI to WMB."

...that's the point.

...per the AMENDED SCHEDULE OF ASSETS, THE CASH DEPOSIT IS CLEAR.

SECOND AMENDED SCHEDULE OF ASSETS AND LIABILITIES FOR WASHINGTON MUTUAL, INC. (2/24/2009)

B6 Summary (Official Form 6 - Summary)

http://www.kccllc.net/wamu/document/0812229090224000000000003