Replies to post #653841 on Mr Cooper Group Inc (COOP)

[Dmceng4]

Austin

Hey they have been stone walling this for compensation for compensation is there any other answer? You would thought that meek Doreen would.be honest. The dude we know is dishonest. These kinds of action are criminal to say the least. But work.
Just my 2 cents worth.lol

[mwd44]

Austin01-The answer to your question is "No." The assets are being held/on hold by the FDIC. They didn't no which entity owned which assets so they put a hold on all of the assets. That's what the 5th amendment taking claim is all about. The FDIC seized WMI's assets without paying just compensation.

Large Green also points this out when he repeats what Rosen said in court in July 2010. When Rosen says "they will still be there," he meant at the FDIC.

The way I see it, the FDIC neither had the manpower or technical ability to sort through all of the assets. What they decided to do is wait until the BK was over and whoever the eventual owner was, would show proof of ownership of the portion owned by WMI. The remaining would belong to WMB and they would then bill JPMC.

By the time JPMC gets around to paying for the assets, the money acquired through the use of those assets, will probably pay the cost. Meaning, Chase will have acquired WMB and its assets for virtually nothing.