Replies to post #727 on Mr Cooper Group Inc fka COOP

[cautiouslyoptimistic]

I hope so...

S&P downgrades WaMu ratings on financial turmoil
By Wallace Witkowski

Last update: 4:36 p.m. EDT Sept. 15, 2008

SAN FRANCISCO (MarketWatch) -- Standard & Poor's said late Monday it downgraded the ratings of Washington Mutual Inc. and Washington Mutual Bank because of increased market turmoil. S&P cut the counterparty credit rating on Washington Mutual Inc. to BB-/B from BBB-/A-3, and the rating on Washington Mutual Bank to BBB-/A-3 from BBB/A-2. The outlook is negative. "Increasing market turmoil and the related impact from managing its concentrated mortgage franchise in this troubled housing and credit cycle led to the downgrade of WAMU," said Victoria Wagner, an S&P credit analyst, in a statement. "The company's weak equity pricing in the markets is also a concern, and it increasingly appears that market conditions could overtake credit fundamentals and leave the company with greatly diminished financial flexibility."

[1984ISHERE]

I agree with feelgood 50 billion in liquidity and even s@P says they have enough money worse case to last to 2010. That is plenty of time for things to drastically improve.