Replies to post #609902 on Mr Cooper Group Inc fka COOP

[Royal Dude]

For one reason National Security "Confidential Agreement"

[BBANBOB]

MAD4

Simple really!

To disguise or hide the fact that WAMU was in fact solvent and was only seized as a MATTER of NATIONAL (WORLD FINANCIAL) Security to save the failing JMPC.
In hindsight I think the JUDGE even HAD BEEN TOLD and then told US when she said she was afraid to make JPMC pay up the 4 billion or it might make them go down as well.

They had to imho make this LOOK all the way to the end like we had nothing, to justify the seizure of WAMU, but just didn't tell the WORLD it was to save JPMC!!!!!!

WE for all intents are the only ones that know this as everyone else things we actually failed!!!!!!!!!!!

[hotmeat]

Here's a simple reason why the FDIC has not been released as per the 2012 GSA/POR document.

At that time there were still outstanding issues to be resolved re JPM, WMB Snr/Sub Bonds and Deutsche.

It would make sense that the document would state that the FDIC is not released until all those issues have been settled.

Of all those parties only the WMB Sub Bonds issue remains unsettled since they have not yet received a distribution from the FDIC.

It was stated that upon receipt of a distribution, no amount specified, the WMB Bonds will be deemed to have released.

That has not happened as of yet hence why the FDIC is yet to be released.

If it meant receipt of ANY distribution then the recent payment from the WMILT would have secured the FDIC release.

At this point in 2020 no one is sure whether the FDIC has yet secured their releases or not.