Replies to post #713960 on Mr Cooper Group Inc (COOP)

[DarkB4Dawn]

Hi RD,

I am not refuting your statement concerning the FDIC. However, I do want to bring attention to a statement on their website. Readers may interpret as they see fit. However, it is not MY statement and may or may not have relevance. As far as all of the haters, save your responses. I am just posting information with a link and not looking for responses.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu.html#unclaim_dep

VII. Possible Claims Against the Failed Institution
On September 25, 2008, Washington Mutual Bank was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver for Washington Mutual Bank. Any claims by equity, subordinated and senior unsecured debt holders were not acquired.

There was no publicly-owned stock in Washington Mutual Bank. If you are an equity shareholder, your shares are in Washington Mutual, Inc., the holding company for Washington Mutual Bank, and not the Bank. Washington Mutual, Inc., and the interests of equity, debt holders or other creditors of Washington Mutual, Inc., are not included in the closure or receivership of the Bank. Washington Mutual, Inc. filed for bankruptcy protection on Friday, September 26th. Please contact Washington Mutual, Inc. directly for information about this bankruptcy proceeding.

If you hold senior unsecured debt or subordinated debt, your claim with the Receiver has already been registered by virtue of bond ownership and there is no need for you to make an additional claim. If the ownership of the bond changes, the claim against the Receiver will follow the ownership of the bond. Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by subordinated debt holders are paid only after all claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that subordinated debt holders of the bank will receive any recovery on their claims.

Other claims against Washington Mutual Bank, together with proof of the claims, must be submitted in writing to the Receiver at the following address:

FDIC as Receiver of Washington Mutual Bank
1601 Bryan Street, Suite 1410
Dallas, TX 75201-3479
Attention: Claims Agent

[Bizreader]

I don't see reason, logic, facts, inspiration, or a any sense reality, or really any sense of responsibility. It's years of misinformation. It just is.

One can say anything, including me.

I'm saying, keep trying to be on time and first to know but to state such tangential information with assurance that I'm wrong about trusting anything you say, is double stupid.

What do you stand for? And don't tell Jesus! He'd leave this conversation to others.