Mr Cooper Group Inc (COOP): WOW 2221 That Article is full of Errors....

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Re: 2221 post# 586008

Monday, 08/26/2019 1:01:07 PM

Monday, August 26, 2019 1:01:07 PM

WOW 2221 That Article is full of Errors.

"That Friday the OTS shut down WaMu and placed it into receivership with the FDIC. The institution, which earlier in the summer held more than $300 billion in assets, was sold for just $1.88 billion. "

Seized on Thursday not Friday.

The $1.88B was an administration fee charge to JPM based on 1% of WMB's deposit base and is not the sale price.

They got the $300 billion right.

Fake News.

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