Replies to post #717279 on Mr Cooper Group Inc (COOP)

[novascotiaSTS]

This is what the FDIC is actually saying in reality

The Receiver does not currently have and does not anticipate accumulating sufficient assets to pay in full all of the allowed claims of the general unsecured creditors of WAMU. As a result, the Receiver does not project having sufficient assets to make any distributions to WAMU subordinate note holders or equity holders. Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank

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

[BigBang]

I personally wouldn’t be thanking the FDIC for anything! Remember way back in 2008 they put Washing Mutual Bank in receivership and created this fiasco; something that should never have happened! They are as corrupt as the rest of the US government.