Mr Cooper Group Inc (COOP): The FDIC only has authority over WMB the...

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Re: Roach58 post# 634320

Friday, 09/25/2020 12:23:57 AM

Friday, September 25, 2020 12:23:57 AM

The FDIC only has authority over WMB the bank. WMI/WMIH CORP is a holding company, that was only temporarily put on hold till the bankruptcies were finished, and then resumes as normal. This was chapter 11 reorg, not a liquidation. Any income on hold (safe harbor) during chapter 11, accumulates with interest and will come home to roost

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