Replies to post #713923 on Mr Cooper Group Inc (COOP)

[ron_66271]

I Basically Agree on the LIBOR Issue.

ABS; ASSETS BACKED SECURITIES, the general term for RMBS, Credit Cards, and the like....

Many/most ABS are LIBOR interest rates dependent.


JPM and the other large banks like BofA manipulated the LIBOR interest rates down using currency fraud to reduce Derivative Insurance payment rates covering the ABS.

Please remember that the FDIC sued/is suing the Big Banks for Currency manipulation on WMB’s behalf.

SS; “a matter of ‘Rule of Law’”


https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262


No need for Escrow shares, or new Preferred shares because we signed form W-9.
The IRS is now on our side. Well sort of.


Bop hyperboles too much.



Ron

[stoxjock]

"I expect LIBOR first, and an announcement there could happen at any time.".

Another Attention-starved soul I guess...Ol' Cactus's Sis... How much (IF at all) a LIBOR 'Distribution' will it be? A Billion dollars? Split amongst how many Banks & how many classes of Bond securities and then (if it 'trickles' down) what morsels to the 'P' holders? $2.00/P?

[newflow]

Why did FDIC took a waiver from, Atlantic by virtue of having equity in WMB or its holding company?.The document was prepared and reviewed by Tonkinson FDIC lawyer.Why did they took a waiver in 2022 and filed a the settlement for public view?.