Replies to post #659229 on Mr Cooper Group Inc fka COOP

[wcheng]

Just like how did dimom find 30bil amongst the corpse of wamu?

Or how convenient after years of Bk they are down to mere dollars away from wetting class 19..

[JusticeWillWin]

The problem is nobody questioned the whole WMB receivership. The FDIC gave WMB to JPMC for 1.9B and got away with it. It was a big steal for JPMC, and only the "leftovers" of the holding company WMI (after the robbery(!!!) of WMB) were litigated in the CH11 proceedings.

Sad, but it was all orchestrated to help JPMC in the 2008 crisis and not to go bankrupt.

I now believe JPMC has "our money" (WMI's), the $29B in equity on the WMB-fsb balance sheet...



Your post:

LT could as well have said there was “no Bankruptcy” , it was a bad dream. How could we be in bankruptcy when assets were 32B and liabilities were only 8B ? Silly us.
Poof GHONDI !!! smile
I know they read the boards, so LT, here is something for your next filing.

Quote:

Secondly, there is no such thing as a “Legacy Holder”