Replies to post #412713 on Mr Cooper Group Inc (COOP)

[Civil War General]

WAMUfsb Nevada had $30 Billion in cash. Presumed to be a subsidiary of WAMU Seattle, which was thus well capitalized, and illegally seized.
WAMU Seattle had a bank run created by JPMC, who with their cronies withdrew a large cash sum to make it look like a bank run.
Before the ink was dry, on the FDIC deal, JPMC changed the name of WAMUfsb Nevada and whisked that $30 Billion away. They don't want to give any of it back and have sued the FDIC preemptively to set the stage with trumped up paper losses to make their deals look bad.
Someone took this cash and made money on it.

[vodkadejour]

Thanks for the reply LG