Replies to post #73236 on Mr Cooper Group Inc (COOP)

[cubman719]

WAMU had alot of banks in Florida, which JPM desired and got..

Could it at all be possible that IF/WHEN WMI gets paid they might by BankUnited from the private equity frim which took them from the FDIC today?

BankUnited has/had over 80 banks in Florida, and alot of customers in Florida, whom were orginally with Wamu, would probably consider leaving JPM and go to the "New Wamu"

Just a thought

[Qwertyman]

Jackson, emptypockets

My bad. You are both correct.

Still according to the article below, the sale price for WaMu comparing the assets was still grossly under-valued. And why did the FDIC not lose a dime in the seizure of WaMu, yet will cost them 4.9B for Bank United? This is going to become public shortly and s**t with definitely hit the fan.

http://news.yahoo.com/s/ap/20090522/ap_on_bi_ge/us_bank_closure


GLTA.