Replies to post #745052 on Mr Cooper Group Inc fka COOP

[PickStocks]

It could take years for the FDIC to figure how to resolve the 14+ billion administrative debt....maybe a resolution before the merger...very doubtful...still however...this does not block a distribution from the 3 Wells Fargo trusts if there is one...we'll see.

[ron_66271]

There Is No WMB Debt. WMI Knows.

WMB Notes are funded by 2X.

WMI sued the FDIC for $307 Billion.
After ~$8 Billion returned to WMI from the Exchange Event and the Turnover.

The FDIC numbers;
$299 Billion for WMB and its Assets.

The deposits are only a liability upon demand.
WMB paid all of the $16 Billion “run in the bank”.


The numbers haven’t changed.
Just the accumulation of interest has added up for JPM to pay.



Ron