Replies to post #117614 on Mr Cooper Group Inc fka COOP

[diamondguru-one]

I've BEEN SAYING for over 8 months now...."THE LAW is THE LAW" !!!! The CROOKS are going DOWN 1 by 1.... MANY,MANY LAWS "WERE" broken....THATS A "FACT" JACK !!!! why don't YOU think our TEAM is so calm....THE GREAT LEGAL TEAM has EVERY...I MEAN EVERY shred of "PROOF" they need to BURY the FDIC/JPM....just keep that popcorn warm...and those DEPENDS handy....I said before / THE HAMMER is in FLIGHT !!!! the BIG question is "WHO" gets HIT FIRST ????? who's on second ???? who's paying 2X VALUE ????? Gooooo WAMUQ and THEIR "SUBS" too :>)

[JohnnyWinter]

I suggest you look at these two posts regarding the value of WMIs subs.

Wind Energy Interests

For the record, when WMIIC (WMI Investment Corp) sold their investment in its wind-energy-joint-venture, they LOST MONEY.

Look at the December MOR under Note 2 Investments in Subsidiaries, and you will see the following.

"In December 2008, WMI recorded significant losses from its subsidiaries. These losses were primarily due to two factors.

- WMI Investment incurred losses from the sale of its remaining investment securities ($87.4 million) and experienced a loss attributable to its investment in its wind-energy joint-venture ($16.3 million) "......

http://www.kccllc.net/documents/0812229/0812229090202000000000007.pdf

So, this is another example of the recorded book value actually being higher than the market value, which resulted in a loss.


Some think otherwise, but I feel that when WMI sells their interest in the wind farms (with the "help" of Goldman)they will also lose money. The bottom line is that WMI's interest in the wind farms are not $500 million and are certainly not $1 billion like some claim.

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