Replies to post #728292 on Mr Cooper Group Inc (COOP)

[ron_66271]

WMI Knows the Valuation of WMB and it’s Assets.

The FDIC numbers agree with WMI’s numbers.

Again;
WMI sued the FDIC for $307.2 Billion.
About $8 Billion returned back to WMI from the Turnover (+3.9B) and the Exchange Event ($4B) from ‘purchases’ by JPM. Humor; “JPM made a $8 Billion contribution to the Debtor.”
The FDIC valuation for WMB and it’s Assets is $299 Billion.

The numbers work!
$$$$$$$$$$$$$$$$$$$



The Deposit Base is the Definition of a BANK !!!!!

The deposits only become a liability as deposits are withdrawn to cover by the Bank.
The deposits are Assets of the BANK for the other functions of the bank to make more money.

Furthermore; the deposit base was transferred to JPM with no losses to the FDIC! Therefore no exposure to WMI/WMB. But JPM needs to purchase the deposit base.
That’s because the deposits are Assets.

Think about it; if transferring $188 Billion in liabilities to JPM, how could that have helped JPM?
JPMC TEIR 1 rating was only 3.5 and WMB TEIR 1 rating was 7.8 from JPM own 10K.
“WMI wasn’t clubby enough.”
The FED isn’t Federal.

The Deposit Base is real money/assets and therefore ASSETS NOT LIABILITIES.

WMI/WMB was making a fortune from the ABS Trust that JPM derivative insurance contracts were covering.
That is why JPM needed WMI’s money.
Because JPM couldn’t cover.
Hence; The Derivative Market Meltdown of 2008.



Ron