Mr Cooper Group Inc (COOP)

[mordicai]

The fdic was given the right to administratively review its receivership of seized ( Wamu) bank assets. The fdic's decision is then appealable in the district court. So if the district court would find that the 4 billion is the holding company's the district courts decision would then state that the fdic had no jurisdiction to decide anything relating to the 4 billion i.e. holding company's asset. So basically, a decision has to be made as to who owns the 4 billion in deposits before any court can determine if it has jurisdiction. SO the fdic did have the right to administratively determine whether it sold Wamu bank for fair value, but the district court can determine otherwise and overrule the fdic.