Replies to post #733597 on Mr Cooper Group Inc fka COOP

[BigBang]

The Government Didn’t Have the Money in 2008

My post was intended to be humorous, however, I do remember that the government did have the money to bail out the banks (with the exception of WAMU) it was known as “TARP.” It was JPMC that didn’t have the money and needed the assets of WAMU to stay afloat.

[BigBang]

JPM current Derivative Market Notables exposure is Trillions.

A derivative is a Naked Call option.
The writer of the contact doesn’t own the base assets

So why is JPM still in business? Obviously the entity is bankrupt! Maybe Jamie Dimon knows that this will be the eventual outcome and is now looking for his next gig; to become the next US Treasury secretary. The US is in trouble!