Mr Cooper Group Inc (COOP)

[invnewbie]

It sure is getting crazy, but I do hope our EC/SG team is really working at it. The seizure of WAMU is truly a theft, and I am not sure why "some people" continue to be blind to this. Unless, of course, they choose to be blind. Even the former assistant treasury secretary who headed the 700 billion TARP program believes the seizure of WAMU was a mistake.
The way the auction of WAMU was conducted was truly fishy. Wells Fargo did email Sheila Bair their intention to buy WAMU before the deadline(midnight of September 24, 2008), but the FDIC ignored the proposal. Instead, Sheila Bair emailed Jamie Dimon on the same day(9-24-08) congratulating him on his winning the bid to buy WAMU for 1.88 billion, totally disregarding the devastating effect this would have on shareholders and thousands of employees of WAMU!
Should this travesty be allowed to pass? I don't think so!!!
Our team may be small compared to the JPMC/FDIC/Rosen alliance, but I truly believe we are on the right. With divine intervention, we can be the David to their Goliath.
Or...we can just be that proverbial squeaky wheel or thorn on the side that will eventually need to be dealt with. Hopefully, with good results. AIMHO.

GO WAMU!!! GO EC/SUSSMAN!!!
GO LOUD AND SQUEAKY WHEELS!!!
GO LARGE THORN ON THE SIDE!!!