Replies to post #675154 on Mr Cooper Group Inc fka COOP

[Large Green]

QBert, thank you for showing this again. Maybe there should be further research by some so-called Option-experienced investors before commenting like they know when all they really know is nothing concerning the ultimate end.

The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved and closed.

https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf

***PDF Page 20***

ARTICLE VII

BID; INITIAL PAYMENT

$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of

Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

[austin01]

But when? Why is JPM allowed to continue to delay paying "book value" for the WM assets they acquired? Seems like that 30 Billion surprise they admitted finding needs to be paid for, too.

[Tdeank1]

Reading comprehension???

Initial payment if there was any additional interest between then and time of closing, it was all paid...

[go_wamu]

Dont forget you‘ll find fraud's basis on page 20 also !

ARTICLE VIII: PRO FORMA (!!!)
The Assuming Bank, as soon as practical after Bank Closing, in accordance with the best information then available, shall provide to the Receiver a Proforma Statement of Condition the Failed Bank as shown on the Failed Bank's books and indicating all assets and liabilities of records as of Bank Closing and reflecting which assets and liabilities are passing to the Assuming Bank and which assets and liabilities are to be retained by the Receiver.
[…..] See Schedule 3.1 a.

Who is responsible for the “Scrivener Error“ as reported thereafter ?