Mr Cooper Group Inc (COOP)

[travelmile]

you witnessed probable cause in 08, the fdic took action. say it anyway you want! they looked at the situation and made a judgment call and took it away from wamu. they didnt wait for wamu to hit .01. dont you remember? it was above a dollar.
the fdic had to do it! panic plays a big part of the stock market right? well before that senerio played out they took it.
no body in there right mind would just watch wamu hit zero cents. and nobody would even remotely take that chance of seeing if it would hit zero cents.