Replies to post #58920 on Mr Cooper Group Inc (COOP)

[Stock Vader]

I read those comments and it goes back to what I said earlier about the public as a whole. Completely misinformed or underinformed about most topics in this country.

[OrnateSilk]

"I want to see the reasoning behind the FDIC's roll in our banking system and hear an explanation of why WAMU was taken over and sold so quickly to it's #1 market opponent, it's competition, the very company that clearly coveted WAMU banks. Had Hank Paulson and Sheila Bair somehow arranged with a less agressive, less obvious competitor for the "purchase" this wouldn't be quite as obtuse and offensive."

This has been my highest concern and the primary reason I risked more money in this stock since I woke up to a negative 100% account balance that fateful morning. The FDIC did what? They sold it to whom? For what price? You have GOT to be kidding me!

JPM was laughing then; I'm sure they are not laughing now.

I think this has been a bigger headache for them than they ever imagined. I often wonder if they regret not offering $6 a share once the bank was seized. I think while grumbling would have abounded, they might not be in the position they are now.