Mr Cooper Group Inc (COOP): If anyone acquired a bank without assumi...

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Mr Cooper Group Inc (COOP)

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Re: DarkB4Dawn post# 688803

Friday, 05/20/2022 4:31:40 PM

Friday, May 20, 2022 4:31:40 PM

If anyone acquired a bank without assuming the deposits (which are liabilities of the bank) the clients would lose the money in their accounts.

That didn‘t happen in WaMu.

https://www.sec.gov/Archives/edgar/data/933136/000104746908009146/a2187197z10-q.htm

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