Mr Cooper Group Inc (COOP)

[fsshon]

TIM’S IN CHINA!

“At that time, SAFE was certainly shocked by the news that the US government decided to take over WaMu and there was almost nothing that SAFE could do to save its investment,” said one of the sources. “It’s a good lesson for SAFE and you can imagine how unhappy it was, just like every other LP of TPG for the deal,” .The big losses by SAFE in the WaMu deal through its investment in the TPG fund have drawn attention from top government leaders in Beijing, who have urged both CIC and SAFE to be more cautious on its overseas investments next year.
I also read an article this week, that mentioned how the SEIU (Service Employees International Union) [Barack’s buddies] had 1.9 Bil invested, along with many different states Pension Funds also. As I sit here and think about Geithner going over to China this week, to “calm the fears” of the Chinese Government and their Investors; I cannot help but wonder if the WAMU deal soured them on investing in our banking sector. If Timothy can assure them that a “just reward” is heading their way soon on the WMI debacle, they would be more willing to open their pocket books and put some loot into our banking sector. This was a very interesting read and if you can “read between the lines” you can see the “writing on the wall!” I am aware that Treasury and Fed are not too happy with the FDIC for some reason.. BUT I CAN’T THINK OF ANY OFF THE TOP OF MY HEAD! LOL

China forex watchdog wiser after WaMu collapse
http://economictimes.indiatimes.com/News/International_Business/China_forex_watchdog_wiser_after_WaMu_collapse/articleshow/3915550.cms