Replies to post #717370 on Mr Cooper Group Inc (COOP)

[lodas]

WMI settled all claims with the FDIC and JPM for 6.5 billion in cash, and 6 billion in NOLS.... did you read the GSA agreement?....how can anyone talk to you newflow if you refuse to read the official documents??.........actually, WMI got in return for their 20 billion dollars claim over 12 billion dollars without having to go to to court..... I posted this a few days ago, but you did not read it.... here it is again:.........Wmi went into chapter 11 with 32 billion A- 8 billion Liabilities, or 24 billion dollars in Retained earnings... they threatened FDIC with a lawsuit seeking recovery, but the FDIC DENIED THE CLAIM.... the chapter 11 went nowhere for 2 years , untill a GSA settlement was proposed in which WMI would get 4 billion in Depositors Funds returned , and 2.5 billion in Tax refunds, for a total of 6.5 billion dollars... in addition, for abandoning the stock in WAMU, WMI got 6 billion in tax NOLS, making a total value of 12.5 Billion in exchange for their claims against the FDIC, and JPM... they all released each other and the GSA was signed... case closed.. READ THE GSA DOCUMENT FOR ONCE NEWFLOW AND QUIT WITH THE B.S. STUFF.....Lodas