Replies to post #644330 on Mr Cooper Group Inc fka COOP

[LuckyPanda]

Samurai, I think you are rught about the $86B. FDIC cannot legally touch most of these bankruptcy remote assets that are locked up in the SPVs. I think FDIC is in a bind. They owe class 17 $13B but the money to pay it back are locked up in these remote bankruptcy securitized entities. That is one possible reason for all these delaying tactics over the past 8 years to end the bk and FDIC recwivership -- like utilizing bullshit Libor and employee claims lawsuits.

[PickStocks]

Good opinion! The only thing I do know the fdic has no control on the cash dividend or even the trusts if there is something to distribute. The bk has been closed since 2019. No blocks.