Replies to post #534781 on Mr Cooper Group Inc fka COOP

[mordicai]

I don't follow how you use footnote 5 to support your assertions. page 5 http://www.kccllc.net/wamu/document/0812229180322000000000003

[hotmeat]

What is it called when one is presented with documented and verifiable facts but instead continues to ignore said facts in favor of a meritless or unsupportable theory! That was rhetorical...…


Have a good day gentlemen...i'm out.

[hotmeat]

Repeating the same useless line over and over doesn't make it accurate. The FDIC's case is crystal clear and even though i'm not a judge I don't see much hope that the employees will succeed in this case. The FDIC regulations TRUMPS any contract agreement WAMU offered. Footnote 5 says absolutely nothing to support your assertion whatsoever!!!

[jerrylev]

Re: CIC is when FDIC pays WMI "the Final Payment" for "WMB and it's assets".


Did the FDIC seize WMB and make its "Final Payment" of 1.9B (by selling to JPM)?

The only "luck" for us is that the FDIC has retained 40B of assets but this may go to pay other claimants and we are not one. So we are at the bottom of the food chain and there is likely close to zero left for us (from the WMB portion}.