Replies to post #80440 on Mr Cooper Group Inc fka COOP

[survivor Spain]

That would be one only possible explanation for JPM's approach.

But if we really think it's possible that western banks fake money transfers, .. then we should all take all our money to a safe box.

If this was the case here, someone would be in jail by today.

On the other hand, I recall from WMI answer to these JPM's arguments, that even JPM keeps sending WMI the monthly account statements with the money in the accout.

Probably we should go back to read WMI's previous answer in detail again. As soon as I have time, I'll do it.

Cheers,

[Docsavag]

Sorry to chime in, but I did see somewhere that JPM agreed last year that the $4B belonged to WMI at some point. Their position has changed, of course, but if they did initially acknowledge it why would they now take the position that its fraudulent? Seems to me like they are struggling with that approach.

[Desperado90]

If you've ever wired money into your trading account then the answer is right in front of you.

When you wire transfer funds certain electronic and security protocols are initiated.

The days of wire transfer fraud is over and it would be disastrous for WMI to lie about such a transfer when you can prove the following:

1. The computer where the transfer was initiated has the record on its hard drive.

2. The computer that the transfer was accepted has the record on its hard drive.

3. The WAMUFSB network server has records of all transaction for transfer and receipt of the transfer.

4. The data can be forensically traced.

5. The time stamps and signatures can be verified.

I can go on but the killer for JPM and FDIC is if during the seizure, receivership and sale, this computers were seized and destroyed, then IRONMOUNTAIN comes in and has backup copies then we might be looking at criminal investigations of theft and obstruction of Justice.

Weil will call in the pros like the FBI uses for tracking down child porn. If the money was transfered you can bet your bottom dollar that they will find the record.

GLTY. Price action is not important to me because I can survive on my day job till we get paid and then work part-time or go teach high school math or physics and get my summers off.