Replies to post #487830 on Mr Cooper Group Inc (COOP)

[hotmeat]

Firstly, WAMU's debt was never the reason they filed for bankruptcy,...that is misinformation.

They filed solely because the FDIC arbitrarily seized their largest and most profitable asset...WMB.

Also based on the bankruptcy filings alone WMI had $32 Bil in Assets and only $8 Bil in Debt.

WMB, where the majority of the $307 Bil in Assets were, held about $15 Bil in Bond Debt and a $188 Bil Deposit liability.

WAMU also laid out a documented plan to FDIC management about recapitalizing WMB with $20-$30 Bil two days before seizure.

I don't believe financially beleaguered companies tend to have such capabilities nor would they publicly make such claims.