Replies to post #73188 on Mr Cooper Group Inc (COOP)

[trailblazin]

OMG no kidding.....they had deposits of 8.7 Billion.....Wamu had over 300B in deposits......that is simplified, because it's not apples to apples obviously, but this just reinforces my belief that WMI is going to come out of this smelling like roses. Each one of these seemingly just add more fuel to the fire.......

[emptypockets]

I thought they were sold for 900 million

[emptypockets]

I'm actually excited about this now because there's about to be yet another new fallen bank to flip in the pinks!

[jackson227]

The FDIC is claiming that it will cost them $4.9 billion, not that they sold the bank for $4.9 billion.

"Federal regulators seized Florida's Bank United FSB on Thursday, the biggest bank failure this year and one the Federal Deposit Insurance Corp. estimated will cost its weakened insurance fund $4.9 billion."

[d indian]

Probablely because it is a different case, different bank, and different situations involved. After all, WAMU 'S case is 'different'. It appears, more investors are being 'protected' from faulty CEOS and bank management, by the FDIC. Which by the way is the FDIC'S job. GEEZ, reads like taken over late THURSDAY, SOLD TO PRIVATE EQUITY GROUP, and to open under new owners tomorrow, FRIDAY morning. Must have been worth more than WAMU, if sold for the price posted. Could this be another 'conspiricy'???? Indian