Mr Cooper Group Inc (COOP)

[invnewbie]

Just recapping on old news, that may be relevant, for those newbies to this board:

Here's an interesting historical blog written less than 2 weeks before WAMU was seized. Wonder if hedge funds did cause an artificial bank run that led to WAMU getting seized.

http://joemamasfreepress.blogspot.com/2008/07/shortside-hedge-funds-might-cause-bank.html

And whatever happened to Mike Stathis? He probably holds some damning evidence regarding hedge funds and other Wall Street firms engaged either in insider trading and/or shorting WAMU leading to it's further deterioration and failure. Here is a quote from a Wikipedia article regarding this:
"Within days of the seizure, a hedge fund adviser and investment strategist, Mike Stathis of AVA Investment Analytics issued a formal complaint to the Securities and Exchange Commission, demonstrating compelling evidence of insider trading. The complaint also alleged that Washington Mutual was not insolvent, and several Wall Street firms and hedge funds had conspired to short the stock. He also stated that he spoke with a reporter from the Associated Press who told him that he was contacted by a Washington Mutual executive hours before the seizure, telling the reporter that it would happen for “political reasons.” In later criticisms, Stathis discussed that the neither the FDIC nor OTS ever disclosed any evidence of Washington Mutual's insolvency.[32] Stathis stated that within a few weeks of submitting his complaint, he was visited by federal agents who held him in an interrogation room for questioning. As a result of this, Stathis stated that he felt bullied and did not release the SEC compliant into the public domain until a year later"
If you want to read more you can copy and paste the site below to your browser.
( http://en.wikipedia.org/wiki/Washington_Mutual )