Replies to post #574041 on Mr Cooper Group Inc (COOP)

[dragoon76]

and that's why Washington Mutual is gone forever, only to rise out of its ashes as COOP. Most Americans don't know and don't care what happened with WaMu in 2008. Even if Jamie Dimon got on TV and said "Yeah, I stole WaMu", there would be a token outcry for about 10 days and then the story would drop off the face of the Earth.

[Civil War General]

All the stock in WAMU (the bank) was owned by WMI (the bank holding company)
We owned stock in WMI, whose assets were illegally seized.

[jhdf51]

FDIC is corrupt? Ha...hell, the government is corrupt...Walraith is corrupt....attorneys here...the entire shebang. Anyone wonders why there is little hope in America?


JHD

[ron_66271]

Raju, The Problem Was Solved,

very easily by having WMI become a willing seller of WMB. That made FDIC a broker, rather than a seizer.


..and JPM has been paying for the WMB branch leases the whole time and into the indefinite future.