Replies to post #745063 on Mr Cooper Group Inc fka COOP

[ron_66271]

The WMB Notes Are Covered.

$26 Billion in Securitizes covering a $13 Billion in notes.
The Notes will pay for themselves.
Currently the obligation is ~$14.7 Billion (FDIC).

~$22.9 Billion to cover ~$14.7 Billion.
Using a 11.9% loss ratio;
$26*.119 =$3.09
$26-$3.09 =$22.91 Billion.

We are waiting for JPM and the FDIC to stop playing their games and pay up.



Ron