Mr Cooper Group Inc (COOP)

[eighty]

Now what ?

In the ruling, LTR 201108001, the IRS truly determined for perhaps the first time that a bank constitutes an operating company. While the IRS doesn't identify the parties it's referring to in such rulings, this appears to be the one that Washington Mutual Inc. requested from the IRS concerning the character of its loss resulting from the worthlessness of its stock in Washington Mutual Bank. One of the key questions in that case was whether the worthless stock held by Washington Mutual Inc. is eligible for ordinary loss treatment for the purposes of bankruptcy recovery.



http://www.cfo.com/article.cfm/14561062