Mr Cooper Group Inc (COOP)

[phxgold]

latest response from Janet at seattle times.
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thanks, roger.
i've forwarded this to a coworker from our business department who is trying to enhance what we have posted already.
i know there is a lot of chatter out there about why mainstream media are "ignoring" the story .... problem is that the suit was filed late on a friday, in .d.c. no less, and now it's a saturday, when most newspapers and other media have only the tiniest of staffs, government offices are closed down, and sources -- especially on stories like this -- are especially hard to reach.
but we're trying!
thanks again for your help.
janet

Sent: Saturday, March 21, 2009 1:52 PM
To: Janet Horne
Subject: Re: wamu suit follow up


That was quick Good job!

I wanted to send this to you as a follow up to put things into a little more perspective as to what I am seeing.



Paulson Warned Washington Mutual to Sell, Seattle Times Reports


By Joel Rosenblatt
Nov. 9 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson warned former Washington Mutual Inc. Chief Executive Officer Kerry Killinger to sell the thrift to JPMorgan Chase & Co. two months before WaMu failed, the Seattle Times reported.

``Paulson said, `You should have sold to JPMorgan Chase in the spring, and you should do so now. Things could get a lot more difficult for you,''' the Times reported, citing a WaMu executive familiar with Paulson's call that it didn't identify.

Earlier this year, JP Morgan offered $8 per share for WaMu, the Times said. JPMorgan acquired WaMu's branch network Sept. 25 for $1.9 billion after the Seattle-based thrift was seized by regulators, the newspaper reported.

Killinger was surprised by Paulson's call because Washington Mutual had raised $7.2 billion from private equity investors, which WaMu executives believed was enough to survive the mortgage crisis, according to the Times.

To contact the reporter on this story: Joel Rosenblatt in San Francisco at at [e-mail]



http://www.bloomberg.com/apps/news?pid=20601087&sid=aJFx58GRVEaU&refer=home





a little more info from the shareholders perspective

http://wamustory.com/

http://wamuqd.com/

http://www.squidoo.com/wamuq



again thanks for listening

~Roger