Mr Cooper Group Inc (COOP)

[rickstereo3333]

There have been several Receiverships in the distant, and somewhat recent past where the fdic made these very statements, only to then make payments to creditors they initially said would receive nothing.

Not stating that is the case here since theres a huge $14b hurdle to be cleared before equity sees a penny, but, to portray their pronouncement as exactly how this wamu Receivership will transpire is opinion based, and therefore totally misleading.