Mr Cooper Group Inc (COOP): FDIC SEIZED WMB WMFSB. THE FDIC DID NOT,...

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Johnnyiwantsome

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Monday, 01/07/2019 5:07:09 PM

Monday, January 07, 2019 5:07:09 PM

FDIC SEIZED WMB WMFSB. THE FDIC DID NOT, I REPEAT NOT TAKE WMI's MONEY or SIEZE WMI's assets. The FDIC effectively cutoff the arms and legs of WMI by their actions of Seizure. How could The holding company do anything with out banks and customers. Hence that is why the FDIC want are releases.

If anyone thinks that we have monies in mass coming from the FDIC Receiver they would be incorrect. As for what we could get from them is some restitution for seizing WMB as The FDIC's hasty action caused a unrecoverable and irreversible situation for the holding co WMI. So all that was left was the HOLDING CO and their Big ass Safe of assets that filed For Bk PROTECTION because a Holding company with out a bank is useless going forward. WMI at the time of filing had 32 Billion in assets and 8 billion in debits and was Valued at 24Billion NET!

Please everyone remember what the FDIC SEIZED!

Hold Co Regards,
B