Replies to post #722971 on Mr Cooper Group Inc (COOP)

[wowalters]

Snakes

[lodas]

the FDIC-R is currently holding a 14 billion dollar shortfall in the balance sheet of WAMU due to shortsellers, and depositors draining the funds backing UNSECURED loans that Long Beach Mortgage wrote with investors and depositors money...in addition, the 299 billion in MBS that LBM wrote are being monetized as the securities are being being paid back by borrowers underlying them...it will take years for these securities mature and close out...the FDIC is anticipating a shortfall in the values representing them, and thats why they do not foresee any recovery for UNSECURED CLAIMS,,, Bondholders will be paid first, then FDIC management charges, and any other SECURED CLAIMS.... Lodas

[Boris the Spider]

How many times is this nonsensical psychobabble going to be paraded around on this board by a moderator???
I for one am not going to restate all the facts of this case for the umpteenth time.
I suggest calling Savitz, Bonderman, Tepper, et al. Ask Dimon if the $1b administrative fee was conclusive payment in full for the entire bank he had just offered $8 a share for. What about the 30b he found in the rubble. Or the 30b in the DCR. Or the soon to settle Libor money. Or the 400b that WMI secured well in advance of the Dimon heist.
Look folks, believe what you want.

[ron_66271]

All True Public Statements by The FDIC.

Currently…

The WMB Covered Notes will pay for themselves due to $26 Billion in assets backing $13 Billion in obligations. Now currently tied up in the LIBOR litigation.



We win,
Ron

[newflow]

goodie yet they took Waiver from Atlantic and other mortgage companies to waiver any distributions towards being former equity holders or holding company equity holders.Why?.