Mr Cooper Group Inc (COOP)

[Roach58]

...here is the operative part of that entire press release as it relates to us;

it has acquired all deposits, assets and certain liabilities of Washington Mutual’s banking operations

.. more specifically..

Washington Mutual’s banking operations

..still more specifically ..

banking operations

Remember, back 2008 there was no Dodd Frank and the FDIC didn't have the legal authority to take the ENTIRE holding company. Soooooooooo

Our investment has always been in the HOLDING COMPANY