Replies to post #608803 on Mr Cooper Group Inc (COOP)

[hotmeat]

The Debtors responsibility was to ensure that WMI was properly compensated for the sale of WMB's assets to JPM. They dropped the ball to achieve a return just enough to cover WMI's $8B debt, thus their initial intention to shut out Equity. To date no one knows who exactly owned those $30B in Commercial loans, it was likely 3rd party Investors with WAMU retaining some interest.