Replies to post #726161 on Mr Cooper Group Inc (COOP)

[johnlconfer]

Key may I suggest you reread AZs recent posts and XOOMs interpretation! Keeping in mind that WMI was a non banking holding company! All the the non banking subsidiaries were excluded from from the bankruptcy by the judge! Confirmed by the FDIC and valued at $40Billion in assets(2008 Book Value). And all the MBSs(Trusts) and their bankruptcy clauses were confirmed by the DC Circuit court. Those trust payments are for WM commons shareholders mostly and preferred shareholders in the Preferred Managing Subsidiary. 15 years of dividends and interest income! Also we should thank Lodas for the big party he is going to throw in Malibu CA when we get paid!

Semper Fi

[UpTickMeA$AP]

Everyone keeps talking about "the money" with all the fantasy nonsense. Yet, nobody can show anyone "the money"...

It's not my job to prove, what you can't prove exists, doesn't exist. That's stupid. And not how the world works.

Show me "the money" you speak of. You can't, because it doesn't exist. Escrows are gone, deleted, deemed worthless, with no further distribution. The trust ordered them deleted for that reason. The FDIC also has nothing for you. Nobody does.

The Receiver does not currently have and does not anticipate accumulating sufficient assets to pay in full all of the allowed claims of the general unsecured creditors of WAMU. As a result, the Receiver does not project having sufficient assets to make any distributions to WAMU subordinate note holders or equity holders. Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html

What you have left, is a decade and a half of nothing but fantasyland failure here. Feel free to stop in everyday for the next few decades. I'm sure someone will be here to provide you with a fairytale, complete with a brand new shiney date to pretend holds a pot of gold.

Cheers!