Replies to post #548822 on Mr Cooper Group Inc (COOP)

[tzebedee]

Interesting, thst 42 billion #?? Wasn't that the value as described recently.

At the time, hmmmmm,, not now!; Jmo
"
a sum that would have depleted the entire balance of the Deposit Insurance Fund at the time."

[jerrylev]

This is an old story that WAMU was seized rightly or wrongly but that is water under the bridge after 10 years.

But the article confirms one more time that WAMU used to have 300B of assets and assets include liabilities and most assets were stolen by JPM for 1.9B. And so it is next to impossible that hundreds of billions will come back to us.

It is just pure logic and common sense.