Mr Cooper Group Inc (COOP)

[goodietime]

" it is possible for some banks to have the receivership closed because they don't know about LIBOR lawsuit."

"For WAMU, the receivership has to be open to distribute the LIBOR settlement."


WHY?
The point I was trying to make is, do these Banks, out of receivership LOSE any chance of getting their share?
I would think they WOULD still get their share.
Weren't they wronged?
Just as I think 'we' would still be in line regardless of receivership situation.
Where else would the litigation money go?
Does the FDIC just get to keep it? I hope not!