Mr Cooper Group Inc (COOP): Well, I added a couple of links to my po...

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Re: WithCatz post# 229825

Sunday, 08/15/2010 3:17:03 PM

Sunday, August 15, 2010 3:17:03 PM

Well, I added a couple of links to my post. Hope that helps. I can not hope to explain what resulted other than the Reich did not ever believe -- from what I can tell from his statements -- that Washington Mutual was failing.

Reposting the links here. IMHO!

http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052702303491304575187930417223418.html

http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201004161448dowjonesdjonline000721
In July, Bair said that the two agencies again disagreed, this time over whether whether to downgrade WaMu's safety and soundness rating. When the disagreement was discussed in September 2008 by the FDIC board, Bair said the OTS "strongly disagreed" with the downgrade but that they relented and lowered WaMu's rating to the same level as the FDIC's assessment.

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