Replies to post #689645 on Mr Cooper Group Inc (COOP)

[ron_66271]

This Tuesday is the One Year Anniversary of JD’s Great Brag of $500 Billion.

Yes I’m an optimist!
IMO JPM paid the FDIC shortly thereafter to reduce his interest rate increase. For this last year the FDIC has been responsible for paying the interest due for WMB.

WMB is just one of the five sources of withheld revenue and distributions due.

The ABS/RMBS Trusts were insured by Derivative contracts with interest rates based on US/LIBOR rates.
RB’s DTCC posts regarding Swaps can very easily be related as the 2008 Derivative Market Meltdown is finally resolved.


Ron

[newflow]

WMI was never seized.