Replies to post #728165 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ NOT' "Company" 10-K SEC Reported ! ! ... $7,400,000,000.00 ... Euro Note (WMB Bonds) Company Owned ! ! ! ~

https://www.sec.gov/Archives/edgar/data/933136/000000000008022550/filename1.pdf

"We refer to the Company’s 20 billion Euro Covered Bond Program under which the Company has outstanding 7.74 billion Euros of covered bonds as of December 31, 2007. We note the Covered Bond Program is structured as follows:"

=================

it's all good ... just ... ~ Watch Your Six ~ ... is all ... and most importantly, ... know this,

there's always' been these' ...

"don't waste any time on the MANY', negative' ad-hoc groups, and especially' the "angry" (36 thousand' plus (36,148') FOS', research credit taker' (s)'

"it was "bopfn" that said, we didn't need any equity committee, or any representation', and then later on, to follow the voting package insert, which recommended everyone vote against the plan ... 2/3 rds of the commons were needed to approve' ... magical how that actually happened' by a smidge' LOL'"

just sayin'

AZ

[b3]

WAMU and Covered Bonds:
Washington Mutual (WAMU) was a major U.S. savings and loan association that faced financial difficulties during the 2008 financial crisis.
While WAMU did issue covered bonds, the specific details of the Euro-denominated covered bonds you mentioned are not readily available in the sources I found.
It’s important to note that covered bonds are typically backed by a specific pool of assets (such as mortgages) and are issued by financial institutions. They are considered safer than other types of bonds due to the dual recourse feature (both the issuer and the cover pool back the bonds).
If WAMU had outstanding Euro covered bonds issued by a nonaffiliated statutory trust, these bonds would likely have been separate from WAMU’s bankruptcy proceedings. However, without specific details, I cannot provide a definitive answer.

Chapter 11 Bankruptcy:
WAMU filed for Chapter 11 bankruptcy in September 2008, which was one of the largest bank failures in U.S. history.
During bankruptcy proceedings, different classes of creditors (including bondholders) are treated differently based on the priority of claims.
Covered bonds, being secured debt, may have been excluded from the bankruptcy process if they were issued by a separate trust and backed by specific assets.