Replies to post #52678 on Mr Cooper Group Inc (COOP)

[Apophis]

If a decision is made they will go by the dates held

In most of the cases here everyone bought after the WAMU stock collapsed and they will be entitled to nothing.

[siobois]

There are just so many things about this deal that have never made sense to me, and I really hope that it will all come out in court.

People/corporations/gov all make mistakes, and there is no reason to believe that one could not have been made here, in a big way.

There was an obvious panic leading up to WAMU's downfall with the stock plummeting (the supposed run) and the bailout hopes.

But why did they seize and not halt trading, allowing aftermarket trading after the news was released?

Why did they sell for so cheap when they hadn't done a valuation of the assets (they didn't even know that wamu had 4bill on deposit)?

I think the thing that is glaring is this was a rush job, and I just hope that the lawyers are uncovering mistake after mistake, and some repercussions will be made.