Replies to post #721458 on Mr Cooper Group Inc (COOP)

[lodas]

Pick.... in spite of what has been suggested for years that WMI had stashed away billions in Trusts, off balance sheet assets, or Safe Harbor assets, the reality is WMI was lucky to get the 6.5 billion allowance for their claims against the FDIC, and JPM for taking the WAMU banks, and assets of WMI holding company...the GSA allowed WMI to move forward and pay off creditors in the chapter 11, which surprisingly included the former shareholders in WAMU, thanks to Nate Tomas, and Susman.... there is no money coming back, it plainly says so in the 2013 WMIH 10-K..... WMIH exited chapter 11 with an enterprise value of 76.1 million dollars only......thats why they had to enlist KKR to fund the money to buy Nationstar, or continue as a "going concern"... it says so right in the document filed to the SEC in 2013....so, for those waiting for money, it is a waste of time.... there is none... period.... Lodas

[goodietime]

pick, Now tell us about the ON GOING LIBOR case where the FDIC is seeking $400 BILLION in damages on behalf of the failed Banks.