Replies to post #727066 on Mr Cooper Group Inc (COOP)

[lodas]

b3....there will not be any money going to equity holders if the FDIC gets settlement money from LIBOR.... why?.. the FDIC balance sheet is billions in the hole from Bank borrowings at the Discount window by "Zombie" banks ready to fail this year... we just saw the tip of the iceberg last year with NYCB, and the one JPM got recently, and (cant remember the name), and a few days ago First Republic?.....most of these zombie banks, including Bank of America is carrying "mark to market losses" on their balance sheets because they invested in Treasuries when interest rates were low in 2021, and 2022, and the FDIC is allowing them to carry these losses... but FED borrowing by Banks is over, and they will have to declare "mark to market losses"... this is what brings these "zombie banks" into receivership...so, the Credit card debt for people is high, Government deficits are 34 trillion, states are running huge deficits, commercial real estate set this year to refinance "zombie empty buildings". war financing for Ukraine and Israel, Treasury Bond sales at higher interest rates if Powell does not lower rates as expected, and housing market pricing, and rents starting to crack....downwards, while cost of living going up...The FDIC is broke, and is in bad shape if there is a banking correction on the horizon...I read this in an article on the news a few days ago... all is not good for the monetary situation, and the Dollar dominance is at risk of losing its place as the reserve currency...Debt is all to high in every category of fiscal finance from consumers to state and Federal government.... watch your "six", as AZCowboy says... your wealth could be at risk... Lodas

[BigBang]

the FDIC says that WAMU still owes them $14.8 Billion

How is that even possible? When the FDIC stole WAMU they stated that it was at no cost to them. So why would they be owed any money when the receivership is closed?