Mr Cooper Group Inc (COOP)

[lodas]

when making "important decisions" there is always a Plan B option with smart executives.... so where was the BOD of WAMU, who represented shareholders, when Kerry turned down the 8 dollar offer for WAMU, "warts and all", meaning Jamie was going to take the liabilities of 299 billion in subprime loans made by Long Beach Mortgage company, and the expanded banking systems WAMU embarked upon in some of the eastern cities which ultimately failed?????????.....the BOD should have thought of the ugly side of Receivership and bankruptcy which would have surely followed...WAMU was already bleeding losses on the balance sheets, and layoffs, and downsizing of offices...Leman, IndyMac, and some other big banks declared bankruptcy before the 2008 financial crisis had started... so where was the BOD of WAMU, and what was their PLAN B????...they were asleep, and had none is the answer... the FDIC and Paulson was already advising Killinger to seek a partner as WAMU was failing...make no mistake about your financial losses.. they fall squarely on Killinger and the BOD who failed to foresee the ensuing 2008 financial disaster that was unfolding because of the crap they were doing, and incidentally, were paid well to do this crap, as well as the government banking regulators who allowed them to do this sh*t....