Mr Cooper Group Inc (COOP): The FDIC from 33/34 Securities Act has a...

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Re: BigBang post# 582934

Friday, 07/26/2019 11:55:34 AM

Friday, July 26, 2019 11:55:34 AM

The FDIC from 33/34 Securities Act has authority to keep bank closings open for for 10 years. But Johnnwant point out that Congress extended there authority to unlimited years to close a bank taking.

The BK is different it can close any time as Rosen stated.

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