Mr Cooper Group Inc (COOP)

[boarddork]

I ride the fence on this subject, but I lean a bit more towards: if the FDIC is ultimately on the hook for the bank WAMU 'if' liabilities exceed assets of the 'received' banking sub WAMU...then sometimes I do wonder if the FDIC keeps legacy holding company WMI assets in their back pocket in case they need something to go after if L>A in the WAMU estate.

This makes sense in that the FDIC isn't legally released by us. So why would that be unless the FDIC is still the temporary gatekeeper of our legacy holding company assets?

If you were the FDIC, why would you release everything early, only to 'maybe' have to litigate and claw back some portion years down the road? If I had the FDIC's power I'd hold onto every damn scrap of assets, until every liability has been resolved and released.

Then we get ours. Then we release the FDIC.