Mr Cooper Group Inc (COOP)

[WaS]

WaMu doesn't pose a systemic risk anymore... But if you doubt they did when they were seized you might want to look into the Federal Reserve's perspective.

http://www.wamu-shareholders-resources.com/documents/interbank_market_HHH_jan09.pdf

On the bottom of document page three, pdf page four, the Federal Reserve says the financial crisis hit a third phase (the collapse) when the seizure of WaMu set off a rush of liquidity hoarding with the European Central Bank (ECB)."The amounts deposited with the ECB rise from a daily average of 0.09 billion euros in the week starting September 1, 2008 to a daily average of 169.41 billion in the week of September 29, 2008. Some of the major developments of the fnancial crisis are also indicated in Figure 2. The amounts deposited with the ECB start rising after the collapse of Washington Mutual when the crisis spreads outside the investment banking realm."

Also look up quotes from guys like Paulson, but long AFTER the fact.

WaMu was left off of the SEC Short Sell list because Dimon wanted WMI shorted into the ground, period. If the EC get's their way we'll probably find GS and BS have their fingerprints all over the shorting and better yet, each would be partaking in "insider trading" while doing it.

"WaMu did not pose systemic risk otherwise it would not have been denied protection from illegal short-selling by the SECs naked short-sale ban that protected 19 financial institutions
(eight of which were at Paulson's TARP meeting)."