Replies to post #461441 on Mr Cooper Group Inc fka COOP

[Donotunderstand]

?

did they (FDIC) ever say they would pay dollar on the dollar ?

i.e. there are often if not almost always more claims than money

[clawmann]

The FDIC allowed DB to file a $3b unsecured claim. But that does not mean there is money to pay the claim in full. It means that DB will share, pro rata, with the senior noteholders any money that is distributed to that class of creditors. And its pro rata share will be $3b divided by the aggregate amount of allowed claims in that class.