Mr Cooper Group Inc (COOP)

[WithCatz]

No, I'm saying what I said. The bank wasn't in bankruptcy.

WMI had it's main asset, the bank, seized.

WMI was in bankruptcy.

Assets of the bank, therefore, were seized. As is codified in the statutes that allowed the OTS to be the regulator, and that WMI and WMB agreed with to receive FDIC insurance.

Even if the examiner had found 1000b in "bank assets" -- it's still part of the bank.

That's what I said.

Not a hard concept.

...Catz