Mr Cooper Group Inc fka COOP

[Renee]

LarryBruening : JPM's offer to buy WAMU was considered to be too low so WAMU declined . So , JPM stole WAMU under apparent collusion with the FDIC .

IMO , Congress should get involved and reverse the FDIC seizure by capitalizing WAMU which would negate JPM's fire-sale purchase of WAMU's assets without the liabilities .

The run on the bank was for approximately $1.6 billion and was mere days away from WAMU qualifying for Congressional assistance .

If the FDIC's pre-mature and apparently prejudicial seizure of WAMU could be reversed by Congress then the Chapter 11 BK would also be cancelled .

As I see it .

Renee