Replies to post #608422 on Mr Cooper Group Inc (COOP)

[BBANBOB]

WWHATTHE


""Washington Mutual, Inc. is incorporated in the state of Washington and is a savings and loan holding company.""

No imho WMI IS WAS a HOLDING COMPANY that was allowed within their CORP CHARTER to be a HOLDING COMPANY that has the RIGHTS TO HOLD A BANK. BUT WAS not considered a bank holding CO per say LEGALLY


WMB BORROWED and OWED WMI 20 bill $ as was PR'd 3 weeks prior to the seizure and in that PR it was STATED BY WMB that it was weeks away from paying 10 bill the 20 bill back and in the next 12 months would pay back the 10 bill and 2 bill in interest.

WHEN the FDIC seized WMB it as WELL seized WMI's 22 bill which makes WMI a creditor to the SEIZURE and PUTS THE FDICK ON THE HOOK so speak.

This is exactly OR 1 part of the 5th Amendment TAKING

Now what we DO NOT KNOW is what if any of the WMB MBS's that we may or may NOT have been participants in. The FDIC had the right to turn all that to JPM SHORT OF WMI's PARTICIPATION RIGHTS IN ANY OF THOSE NOR THE REVS GENERATED by WMI's %'s ownership of participation in each and every one of those if we had any

ALL IMHO

[xoom]

Thanks for chiming in WWHATTHE.
Now that the LT has almost closed shop, what do you think could be the timeline for the following ?

I believe part of the winding down of the liquidating trust is to reconcile with the FDIC…

Which would bring the $307 Billion Dollars in cash to the liquidating trust…
Then the liquidating trust, can issue LTI’s to the common and preferred shareholders…