Replies to post #684902 on Mr Cooper Group Inc fka COOP

[lodas]

ron... again you have to explain what the POR 7 states, page 20, paragraph 2............ALL ASSETS OF WMIIC WERE PLACED IN A GRANTORS TRUST TO SETTLE EQUITY CLAIMS.....wmi, and wmiic created the WMIL-T to settle these claims.... WMI became WMIL-T and settled creditors claims up to class 18, with class 18 being impaired... after the chapter 11 closed, wmih emerged with a name change.... so, ALL means ALL, it does not say Wmiic placed partial assets, or just enough assets , it means ALL ASSETS were placed in the TRUST....if WMI had subs, the assets were placed in the WMIL-T too...... Lodas

[lodas]

please provide a link to this assertion that WMI did not place all subs in the chapter11..... Lodas

[ron_66271]

We Should Be Receiving Revenue from the Non-Debtor Subs.

For some that are slow learners;
Hint; WMI non-Debtors Subs.

[ron_66271]

Same For the Retained Earnings Held in a DCR.

The $20.7 billion was placed in Treasury Notes. The Treasury describes this as a Disputed Ownership Fund for taxation purposes.

The FDIC, JPM or COOP have no control over the RE/DCR-DOF.

This money of ~$25 Billion needs to be released ASAP.

This Fund is distributed 75/25%.

The money was generated from the 363 Sales.
Rabbi Trusts = $5 Billion
Capital Contributions = $6.5 Billion
Turn Over Cash = $3.9 Billion
TPS Exchange Event = $4 Billion
...

Please see The Equity Community presentation; December 7, 2010.

Yes I have posted the link!!