Replies to post #330242 on Mr Cooper Group Inc fka COOP

[carguy64]

Desperado, i think this will help with TPS issue, but it helps fdic and jpig by saying, see this is all we got was junk from wamu, its worthless. i know thats not the case, but thats how they will spin it. imo carguy

[MrchntDeth]

"Am loving this news.

Watch the TPS consortium jump on this. How does JPM get the Trust Preferred Securities without taken the liability too. They took the assets backing the securities but do not want to pay a dime to the TPS holders.

FDIC should go ahead and throw JPM under the bus or vice versa and let workout a real settlement."

Very similar to what they are trying to pull off with the Anchor Goodwill litigation.

Under the GSA (that is not quite as "Global" as Rosie & Company would have you believe), WaMu would give away for free, all of the Anchor litigation proceeds.

When WaMu bought out Dime Savings Bank, 85% of the Anchor proceeds had already been distributed to DME shareholders in the form of the DIMEQ LTW's, with 15% being kept by Dime (and thus, WMI), (after netting out attorneys fees and other costs).

Now, BR/WGM, A&M, the SNH's, and the rest of this crew, are feeling very "generous" with the 85% of the Anchor litigation that they NEVER owned (i.e., that which had already been distributed by way of the LTW's more than 10 years ago.

Again, as I've said on many occasions, "it is so much easier to give away other peoples' money than it is to give away your own.

Thank you, criminals, for being so generous with the DIMEQ holders' money. Mighty big of you. May your bodies rot in prison.

Sincerely,

Up Yours!