Mr Cooper Group Inc (COOP)

[JimsZ]

Not only was WMB/WMBfsb not really insolvent
Not only did they have over $4 billion of the parent co's money on deposit
Not only did they just inject $7 billion and were in better shape than this time last year (per filings) prior to injection
Not only did FDIC take WMB/WMBfsb but also many subsidiaries that probably shouldn't have been taken
Not only did the FDIC transfer assets/property that belonged to WMI to JPM rather than only WMB/WMBfsb assets
Not only did the FDIC sell all this to JPM for $1.9 billion and wiped out any liabilities outside of deposit liabilities (of course they are trying to fight the $4.4 billion)
Not only did the FDIC not even know what the hell they sold to JPCrooks


JPM/FDIC had a sweetheart of a deal worked out here.. Unprecedented where they even wiped out bondholders/noteholders of WMB. They tried doing the same thing with Wachovia for Citibank but that was "bought out" by Wells Fargo out from under Citibank for $15/share. Who may have paid higher than $1.9 billion for WMB had the FDIC not already had this set to gift to JPM?