Replies to post #30240 on Mr Cooper Group Inc (COOP)

[dmceng]

marayatano

Standard procedure for the holding company.

Take care
david

[JimsZ]

Well, the big question is how can the FDIC sieze the bank with no notice, sell to 1 pre-selected buyer that had earlier offered to pay approx $15 billion for $1.9 billion & NOT give them any of the liabilities. Not to mention, the FDIC has $1.9 billion that should go to Wamu

$4.4 billion in Accts
$1.9 billion held by FDIC
$28 billion in other assets
Assets total $34.3 billion
only $8 billion in liabilities
= $26.3 billion left

1.7 billion shares O/S @ a rediculous price of .052


I hope Wamu gets some lawyers & goes after both the FDIC & JPM, even if it costs every last dime of that $26 billion left over (well, I guess I wouldn't be upset if they left enough to pay out $2/share)