Replies to post #724974 on Mr Cooper Group Inc fka COOP

[Boris the Spider]

Thanks split t.
Yes WMI assets were not involved in the seizure. Many still dont understand that! Thats where the big money is.
Plus Jpm still must pay for the bank as Ron has stated repeatedly here. The 1.8b was just an administrative fee. Geesh.
The silence of the hedgies is deafening. They know much more than we peons.
This is going to be a big year for escrows IMO.
Coattails

[Boris the Spider]

"JPMorgan Chase will not be acquiring any assets or liabilities of the banks' parent holding company (WM) or the holding company's non-bank subsidiaries."

This says it all about the WMI assets.
A beautiful thing.....irrefutable.

[BBANBOB]

THANKS SPLIT T

"". Excluded from the transaction are the senior unsecured debt, subordinated debt, and preferred stock of Washington Mutual's banks. JPMorgan Chase will not be acquiring any assets or liabilities of the banks' parent holding company (WM) or the holding company's non-bank subsidiaries.""

We've been saying this now for HOW MANY YEARS and some just can't see it or read it
OH and BTW that includes
1. 3 WELLS FARGO ACCTS
2. DST
3. POSSIBLE MINERALS
4. Brick and mortars THAT I CONTEND THE HOLDING CO HELD ( THAT's THE WAY WE DO IT)

ECT ECT ECT

[b3]

Just trying to get the facts and understand how everyone is thinking here............

So we had JPM paying $1.9 Billion to the FDIC in 2008, and taking over ownership of WAMU.
But you are saying that somehow they left $800 Billion on the table .
And now old Equity Shareholders can just walk in 15++ Years later, declare ownership. and become Millionaires?

I find it interesting. BK Vultures usually eat 99.999% of the Carcass.