Replies to post #706824 on Mr Cooper Group Inc (COOP)

[ron_66271]

JPM Caused The Bankruptcy of Lehman’s.

The Derivative Market was Crashing in early September 2008.

Nothing against you T, but I hate to read this reporting crap!

Funds/money was being pulled from banks to cover derivatives losses to the parties ‘in the money’.
JPM owned 57% of the $83 Billion in Derivative notables. JPM was running out of money fast!
Lehman’s had an ongoing agreement with JPM to loan Lehman’s $17 Billion for the night so Lehman’s could close their books “mark to market”.
On September 14th, JPM didn’t have any money to loan Lehman’s, Lehmans couldn’t close the books and filed for BK on the next day.

BS was “in the money” regarding their derivatives contracts ownership, and JPM would be a major payer to BS. JPM withheld payment which collapsed BS due to cash flow.

JPM still needed more money;
Then WaMu!

The Unregulated Derivative Market Is the Problem.

Currently; $632 Trillion!!!
That is a lot of ‘money’ as a tool to manipulate stocks/bonds/ markets/economies/Governments.
You name it....
? Money Laundering??



Ron

[Split T]

t's , they are all a bunch of manipulating crooks , they speak out of both sides of their mouth a and are ripping off billions from investor right now.

First Republic Bank’s stock ended the regular trading day with a 30% gain on Tuesday, amid reports that JPMorgan Chase & Co. was working to help bolster the bank’s capital, and as U.S. Treasury Secretary Janet Yellen pledged to help banks.

First Republic stock tumbles after hours as bank reportedly hires more advisers
Story by Claudia Assis • 1h ago

"Shares of First Republic Bank dropped about 15% in the extended session Tuesday after news that the troubled bank reportedly has hired advisers to review its options and manage the crisis".


FIRST REPUBLIC BANK Common Stock (FRC)

$15.78 +3.60 (+29.56%)
CLOSED AT 4:00 PM ET ON Mar 21, 2023
$14.41 -1.37 (-8.68%)
Bid: $14.38 Ask: $14.42
Volume: 228,485,086
Mar 21, 2023 7:59 PM ET - AFTER HOURS