Replies to post #711772 on Mr Cooper Group Inc (COOP)

[ron_66271]

BBob/Flow; I Disagree!

The WMB Notes became JPM responsibly with the Receivership of WMB, then officially when WMI abandoned the Stock of WMB to the FDIC.

The WMB Notes are European Covered Bonds backup by assets, now mature.

Did JPM decide to not ‘purchase’ the Notes?
Remember that the Notes are/were asset backed (covered). An expense to JPM.

Like many/most Notes/Bonds/ABS back during the Credit Crisis where LIBOR interest rate dependent.

Many JPM personal have been convicted of currency manipulation related to LIBOR interest rates.
THE DERIVATIVE MARKET.
Plus; (Death count is ~22)


The Equity Community Presentation of $20.7 Billion as Retained Earnings has nothing to do with the FDIC.

WMI has other assets that are not under the control of the FDIC.

I have zero understanding of why these assets and money hasn’t become distributions to equity holders.


WMB Distributions from the FDIC comes before the Receivership closure.



Ron