Mr Cooper Group Inc (COOP)

[Civil War General]

I remember Hank Paulson coming to Congress asking for $787 billion blank check to save the banks.
He created a “Do Not Short” list but WAMU was not included.
The TARP Troubled Asset Relief Fund was passed by Congress and signed into law by President George Bush on October 3, 2008, with the passage of the Emergency Economic Stabilization Act.

The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the $700 billion amount authorized to $475 billion. That was signed by Barack Obama.

So, I was quite aware of these details and who the players were.

On October 3, 2008 Obama was a candidate for President against John McCain.
The Republicans voted for this bill and “nationalizing banks” was never part of it and “Obama” didn’t stop the Republicans from nationalizing banks.
Fannie Mae and Freddie Mac were essentially “nationalized as any stock holder will tell you.

Obama was required to “implement the law” that the TARP required him to do.
The Bush43 unrestrained bank gambling policy, two unfunded wars and tax cuts for the wealthy had left the economy in shambles. Obama was handed a massive Deficit before he even became president.
The Republicans gave him a shit sandwich and then vowed to make him a one term President with voting no on everything.

Remember?