Replies to post #729027 on Mr Cooper Group Inc (COOP)

[ron_66271]

Because JPM Hasn’t Paid for WMB and it’s Assets.

Yet.

Yes it’s BS accounting.

The FDIC is still in the LIBOR litigation process.



Ron

[ron_66271]

Oberthal, I Have A Even Better Answer.

The FDIC doesn’t update the accounting because it’s the FDIC’s accounting.
The FDIC hasn’t been paid yet by JPM. Then the accounting will update.

WMI sued the FDIC for $307.2 Billion. After ~$7.9 Billion returned to WMI, then the FDIC posted the $299 for WMB and it’s assets.

WMI has a Receivership Claim against the FDIC not JPM. The FDIC is awaiting payment from JPM, and JPM is awaiting the final invoice from the FDIC for WMB and it’s Assets.
Plus FJR of 1.95% minimum for 16 years.
Please do the math. 😎

JPM is about to get the bill for WMB and it’s Assets from the FDIC.

In my estimation, JPM has been making payments to the FDIC.
That is why we have seen so many Capital raises by JPM through the year’s.



Ron