Replies to post #592809 on Mr Cooper Group Inc (COOP)

[JB3136]

Not us F&R signed release suckers or least I ain’t seen anything yet

[hotmeat]

Quote: "The way I read it is FDIC receivership got 151 B deposit from WAMU but seems to have paid it off to someone else so FDIC has zero money left from receivership."


The "someone" that money was returned to was WAMU depositors. That's the main function of the FDIC, securing a bank's customer deposits.