Mr Cooper Group Inc (COOP)

[ptolomeo]

I agree with you but not totally.

You're right about Wamu being seized erroneously (as it has been proved Wamu was solvent), probably because Ms. SB had a panic attack.

Also, I think that the FDIC crew didn't do their homework and DD and just plain relied on poisonous data provided by JPM (who as we all know had interest in Wamu since long time ago)

JPM offered former CEO Killinger 8$ per share and he refused, so they started 'Plan B' (that's all what Project West was about).

But now we have the most powerful bank and the a semi-gobernment agency (FDIC) guilty because (1) cheated and lied to (2) who didn't do their work correctly. They both know acted wrongfully.

We also have (3) some greedy debtors in charge of the failed company, that want to recoup as much as they can, but NOT TOO MUCH, because then they would loose control, get just their PAR debt value, and a lot of hidden assets would end up in shareholders hands.

This is an epic drama, because all the harm has been done to the average Joe. They lost their savings, pension funds, whatever and also have to pay taxes to fix this mess.

When banks get their big benefits, they don't share them with the rest of the citizenry.
When banks get huge losses, we tax-payers have to pay their bills. And they also keep having multi-billion dollar bonus. I cannot understand all the system is so corrupt.

And here we are.

We, little Joes, about to fight the greatest Bank, the Government, using 'Government facilities' (the Court and the Judge belong to them). David versus Goliath.

Make your bets.