Replies to post #595820 on Mr Cooper Group Inc (COOP)

[wamugold]

I do not think JPM got all those MBS for 1.8B. That would be the deal of the century

[Civil War General]

You are presuming that the holding company, WMI, which owned 100% of the stock of the Bank, Washington Mutual, didn’t own the required percentage of MBS trusts and only owned that bank stock?
LOL
Kerry Killinger got to be CEO because securitization and protecting assets was his primary skill set.