Mr Cooper Group Inc fka COOP

[XOM]

Johnny, really?

You're right, they took a form and gutted the sections they didn't want. They removed the concept of having to settle up certain prices post-closing.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53396055

I never said this, and shame on you for implying that the WaMu P&A was removed of post-acquisition settlement procedures!

As for "cherry-picking" provisions, how is this taken out of context?


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53434479

While on the topic of cherry-picking, perhaps you missed this passage from the link provided in your last post:

Section 11(e) of the FDI Act permits the FDIC as receiver to repudiate or disaffirm any of the failed institution's contracts. However, subsection (e)(12) provides that the FDIC is not permitted to avoid any legally enforceable or perfected security interest in any of the institution's assets, so long as the interest was not taken in contemplation of the institution's insolvency or with the intent to hinder, delay or defraud the institution or its creditors.

The avoidance powers of the BK Court trumps FIRREA. Enough said.

Last, posters don't need to confirm legitimacy on this Board by referencing their first post - only back up claims with proper DD.

Numbers don't lie.