Replies to post #61058 on Mr Cooper Group Inc fka COOP

[diamondguru-one]

yaaah ok...no $12.00.....k...$11.95 Bammmmmmmmmmmm....COMMONS will get PAID LARGE....dont care what the NAYSLAYERS SAY....call TPJ ask them how they feel......Goooooo WAMU-"Q"

[Lawrence 147]

Sounds good, but I believe I read somewhere that the suit had grown to over 175 billion. That could be unrealistic but with in the realm of possibilities. Now the question becomes does WMI mess over TPG and other investors in the common stock or do they continue the fight and try to pay off every one and have some left over to start anew.

[islandcat]

I don't think that is what is being said here, JMO

The legislation, introduced late Thursday by Senate Banking Committee Chairman Christopher Dodd, would temporarily allow the FDIC to borrow $500 billion to replenish the fund it uses to guarantee bank deposits, if the Federal Reserve and Treasury Department concur. Those funds would be distinct from the contentious $700 billion financial-sector bailout, which lawmakers are loathe to expand.
[Coming Up Short chart]

The FDIC can presently only borrow $30 billion from Treasury. The bill would permanently raise that level to $100 billion, which the FDIC could tap without prior approval from the Fed and Treasury.

the 100 Billion can be had without prior approval

[stocknut71]

Which why I am all in preferreds.....

[freddy80]

I think FDIC is going to make JPM pay anything that will be due in court