Mr Cooper Group Inc (COOP)

[Bizreader]

I'm going to watch every move on level 2 and the intraday chart. That's the only way I expect to get the most personally relevant data minute by minute. This is a once in a life time opportunity to watch the stock market do its thing.

Many banks, not just WAMU, created subprime problems. I'm not sure if JPM or WAMU actually had more "toxic assets" but it doesn't matter now. What matters is that the take over is now being challenged on some very strong legal grounds. This is going to set precedent for the FDIC and it's powers to responsibly maintain our banking system. If the rampant, "free market" culture had not been so very deregulated this may not have happened. Since it did, the FDIC is actually, more responsible for the failure in a sense, than the bank itself! Common sense says the organizations that are meant to protect and guide are not there to trash, bash, and then railroad highly valuable banking assets or trade them for pennies on the dollar to their competition, at least I hope they are not.

Mergers and acquisitions, consolidation and reorganization can be done in a much more civilized manner.