Mr Cooper Group Inc fka COOP

[Bizreader]

To be perfectly clear, (like writing more actually makes anything more clear, LOL), the bank holding company filed bankruptcy after it's banks were seized. During the seizure of bank's assets much of what the bank holding company, WMI, owned and managed apart from the banks under a separate corporation; WMI, was also seized.

So, here we have two distinct uses for the word, "seized"; one - is that which the FDIC does with the help of the OTS when they choose to take a bank away from it's management and two - the simple act of taking something suddenly: http://dictionary.reference.com/browse/seized

Anyway, if one person was not 100% clear on this I'm sure there were many more. I wasn't clear on it until about 3 months into this thing!

eom

P.S. any clarifications on this matter are appreciated! LOL