Replies to post #36154 on Mr Cooper Group Inc (COOP)

[sanesh]

this keeps getting better!

[dfire6912]

So basically the FDIC is hell-bent on stripping WMI of any and all assets and handing them over to JPM for the measley price they paid without having to compete with any other banks. Wow.

[mikepgator]

Looks like the FDIC is not objecting to the 4.4B, but objecting to the NOL instead? Is that what is is saying?

[rheddle]

If that isn't clear evidence that the FDIC wants everything to work out in JPM's favour, then nothing is.

The FDIC is objecting to WAMUQ holding company receiving net tax loss carrybacks and is stating that same should be the property of the subsidiary company (i.e. Washington Mutual Bank which is now owned by JPM).

This stinks of corruption and I hope that the judge catches a whiff of what is going on.