Mr Cooper Group Inc (COOP)

[etzetrade]

I wish you're right. The only concern is that our case was very similar to the case between FDIC and citi.

FDIC brokered the deal between citi and Wachovia for $2.1B. But, Wells Fargo offered $15B to get Wachovia. Because the deal did not go through between FDIC and citi, now you could see more detailed issues regarding the deals. I believe that citi's offered ($2.1B) for entire Wachovia bank, not the initial payment. The deals itself did not include Wachovia Holding's other subsidiaries, such as securities and investments. Due to the financial crisis, especially was caused by the MBS, those deals ( i.e. JPM / WM, CITI / Wachovia) were very odds, not by the book.

Of course, I think escrow holders are golden. And hope WMI could separate herself and WMB in terms of assets.