Replies to post #632729 on Mr Cooper Group Inc (COOP)

[clawmann]

The responses you received from the FDIC are entirely consistent with the position I and others have taken over the past 8+ years. Read it carefully. Three times. Don't put the words on a jeweler's scale looking for hidden meanings or things that are just not there.

[wowalters]

To boil down all you said. LEGAL ROBBERY is alive and doing well in the USA.

[BBANBOB]

This comment was my main take away here...


""" It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to subordinate note holders or (((((equity holders of the bank))))."""



THERE WAS ONLY ONE SHAREHOLDER OF THE BANK!!!!!! THAT was WMI

And we were NOT SHAREHOLDERS of WMB the bank

[hotmeat]

The answers seem pretty clear to me, and others that choose to not rely on the misinformation propagated here since 2008.

Thank you for taking the time to present questions to the FDIC and posting their responses for our benefit.

[Civil War General]

The sale is mostly complete, the terms of the sale are described in the Purchase and Assumption Agreement dated September 25, 2008 between the FDIC, as Receiver, and JPM. You can read this agreement by accessing the FDIC website provided above. The agreement terminated after six years, but some provisions are still in effect.

AND


If the FDIC, as Receiver, of Washington Mutual Bank has excess assets from the liquidation of the bank, distributions can be made to certain parties in accordance with the priorities established in 12 U.S.C. § 1821(d)(11)(A). The FDIC, as Receiver, anticipates that it will make a final distribution at a later date.

[greychris]

12 years and still sounds like double talk to me.