Mr Cooper Group Inc (COOP)

[tcr7309]

unfortunately it is not a one of a kind as much as you may think. i trade bk stocks all the time and this is the norm, most not to this degree but the norm. the closest examples I can use that are similar to wamu is the calpine bk and kmart bk in the early 2000s. it would take 20 posts to explain, lets just say with kmart, that when they bk'd, the ceo they brought in tried to hide all the assets for him and his cronies and lied under oath regarding the valuation of the real estate etc.., calpine, the reason this one was so disgusting is because the bod privatized valuable subsidiaries throughout the world just within the allotted time where they could not be tied to the bk.

in both cases, share holders got screwed.

so why is wamu oh so different other than you/we/us got caught up in it and know more about what happened and also about how the deal went down.

all in my opinion.