Mr Cooper Group Inc fka COOP

[fredmiller1999]

"This is an OTS regulated institution, not an FDIC regulated institution. We make any decision on solvency, not the FDIC, and I have staff equally as competent as staff at the FDIC, whom I know well."

quote:

letter to sheila bair (FDIC), from Reich, John M (OTS)




i remember Susman using the ots letter of solvency to assist in the "Mexican stand off" with the d&o suit.

FDIC went out of there jurisdiction. the ots gave wamu a AAA rating along with high reguards to meeting operation requirements after the seizure.

i hope i get to shake Susman's hand one day if this plays out like i see it.

he had them by the balls from day one and let rosie tie his own noose

that my friend is one MAIN reason why the FDIC is not released