Mr Cooper Group Inc (COOP)

[DudeBug]

The cash is now in the hands of J.P. Morgan Chase & Co. (JPM), which bought the thrift in September 2008. Washington Mutual Inc. has laid claim to the deposits. The FDIC says that, as long as the cash is in J.P. Morgan's possession, it will be available to cover claims by the agency, which is administering the receivership of the bank.

Does that statement strike anyone else as ridiculous and absurb? How can they use WMI's (the parent company) money to cover claims by the agency ... for the bank? That would be like a debtor suing my parents for my bills.