Replies to post #699170 on Mr Cooper Group Inc fka COOP

[lodas]

using Rule 72 for the doubling of money, an investment will double ....that is if you take the present value of interest , say at 4% ,and divide it into 72, the investment will double in 18 years....it has been about 15 years since the Receivership of WAMU....lets posit that Atlantic could have gotten a minimum of 8% after taxes by using those dividends, they could have doubled that money in 72/8= 9 years...so, that loss of money now is actuarily equal to a IRS Tax loss.....so, what they are saying is that if they should at some time in the future they should receive a dividend from their investment, the FDIC can keep it, as Atlantic will take a tax loss and move it off of their books.. forever.... Lodas
https://www.google.com/search?q=what+is+the+formula+for+doubling+money&btnK=Google+Search&client=safari&channel=mac_bm&source=hp&ei=EOKGY-mbAYakkPIPk6OE0AI&iflsig=AJiK0e8AAAAAY4bwICSTaT3wWiYfc5vTrCN3gtA79Hug

[ron_66271]

We Will Win. EOM.

[JusticeWillWin]

Where does it state "FDIC is EXPECTING to pay dividends..."???

And the following part in your link rather suggests that Atlantic as former WaMu shareholder DOES NOT EXPECT ANY RECOVERIES from the WaMu bankruptcy"

https://www.fdic.gov/foia/plsa/10015-washingtonmutual-atlantichomeloans.pdf

To the extent, if any, Atlantic is or was a shareholder of WaMu or its holding company and by virtue thereof is or may be entitled to a dividend, payment, or other distribution upon resolution ofthe receivership of WaMu or proceeds in any litigation that has been or could be brought against Federal Deposit Insurance Corporation in any capacity or against the United States based on or arising out of: in whole or in part, the dosing of Watvlu, or any alleged acts or omissions by Federal Deposit Insurance Corporation in any capacity, the United States goveroment, or any agency or department ofthe United States government in connection with WaMu, its conservatorship, or receivership, Atlantic hereby knowingly assigns to FDIC-R any and all rights, titles, and interest in and to any and all such dividends, payments, or other distributions, or proceeds.

If Atlantic thinks there could be an unknown (large) pot of money be paid out by the FDIC, they would not give up all rights, right?