Mr Cooper Group Inc (COOP)

[nursejeff]

I just read the last paragraph of that yahoo article you posted..

The largest U.S. bank failure ever also came last year: Seattle-based thrift Washington Mutual Inc. fell in September, with about $307 billion in assets. It was acquired by JPMorgan Chase & Co. for $1.9 billion in a deal brokered by the FDIC.

Asset Definition

Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.

If I have $307 on a table in my house and someone comes through my front door, takes it and leaves me with $1.90 isn't that STEALING!!!

How can ANYONE not understand what went on here. How can Marcy Gordon, AP Business Writer who wrote the yahoo finance article NOT see that doesn't make sense?