Replies to post #536726 on Mr Cooper Group Inc (COOP)

[jerrylev]

Since WMI has only the beneficial interest, I apply a conservative 5% to the amount of MBS and I used your low total.

So 5% * 80B = 4B per year.

Times 6 years is 24B.

The BI still have life and can be sold let say for 12B.

12B + 24B = 36B.

Plus about 10B from FDIC after she pays her claims, equal 46B.

That is a very very optimistic ball part number.

I have a question for HM, hope that he does not say that I have asked a dozen of times.

So you said that the interest that came from the trusts are collected by a 3rd party trust or by the FDIC itself. Does WMILT have to pay tax for the last 6 years because this is income and not liquidation revenue?

On one hand, they can use all kind of tricks to hide the potato but on the other hand, nothing can escape the IRS. So where is the money for the BI if there is?

We are talking about tens of billions here and the IRS cannot have sympathy for us to wait while we collect our billions. Can the tax be paid in secret? Or if it is the FDIC that collects the money, one government office cannot tax another government office???