Mr Cooper Group Inc (COOP)

[etzetrade]

I believe the same. While FDIC had brokered the similar deals between citi and Wachovia, citi would just have paid $2.1B for all the assets and liabilities. Although the deals did not go through due to WF, but , at that time of financial crisis, it was not surprised FDIC would do so.

In other words, FDIC adopted a difference ways to sell WaMU all for only $1.9B instead of initial down payment as some mentioned here. It is sad, isn't it?

So, what is your estimation of how much would return to LT?

TIA