Mr Cooper Group Inc (COOP)

[BullNBear52]

You have done your homework on the examiner's report. I haven't read the whole thing because of work constraints.

The amazing thing is the numbers he is throwing out there on a daily basis to keep the bank above water and who he was sending the emails to.

It's no wonder the FDIC was getting antsy and decided to deal the bank before the house of cards collapsed completely. You have to wonder whether the OTS was over their head at that point in dealing with Wamu and was forwarding the emails to the FDIC.

No way did the FDIC want to eat Wamu's assets. My bet is and it's been pointed out that the FDIC was getting ticked at the OTS and the cozy relationship they had with Wamu.