Replies to post #89003 on Mr Cooper Group Inc (COOP)

[survivor Spain]

But, WMBfsb was fully owned by Pike Street Holdings, and this one was fully owned by WMB.

This is according to Ms Logan's testimony. And I guess she is supposed to know about it pretty well.

Maybe I am missing something ...

Cheers!

[climberprof]

Mordicai,

Was this challenged by JPM in court (WMBfsb seized or not)?

If WMBfsb was not seized and they have a $20B surplus then that surplus should belong to the parent company = WMI but in the filings I do not remember seeing this $20B in WMI's Assests.

Otherwise this $20B surplus would be well enough to pay all of the Liabilities of WMI?!?!?!?

What am I missing?

Thanks
Climber