Replies to post #593446 on Mr Cooper Group Inc (COOP)

[goodietime]

"1) WMB makes a loan (creating 90% out of thin air)
2) WMI buys the loan from WMB
3) WMI securitizes the loan and involves other investors.
4) Theoretically, these securities still exist and WMI's portion is behind the bankruptcy remote curtain.

In this case, I suspect that the point where the created money goes POOF happens at step 2."

When these loans, (created out of thin air), are PAID, doesn't the 'thin air money' turn into real money?

[hotmeat]

Finally, a rational and well thought out post on this subject...thank you!

We know WAMU retained interests, what we need to find out is whether WMI is still entitled to the returns from those assets or a portion thereof.

Also confirmed is that Trustees are required to cease payments to entities that have filed for bankruptcy...FACT!!!

This could explain why there is no info about residual cash distributions for retained interests.

What we don't need any more of is these ridiculous claims that are based purely on wishful thinking.

[Split T]

Well, so much for the 87 Billion dollars in "air money" paid back to the FHLSB. I tend to trust the Senates figures as offered up by Dmdmd.

It only stands to reason that there are several on this board that have entirely different interest and motives for posting on message boards. My reason is, I want whats owed to me.