Replies to post #74722 on Mr Cooper Group Inc (COOP)

[Bayou Man]

It's like what Captain Call said to Gus on Lonesome Dove. You'd argue with a possum. I am simply reporting some news.

[utvolsfan13]

I never said it was positive. I was sticking up for Bayou Man because you accused him of trying to confuse investors and get them to sell. I responded with the fact that he stated that he believes this news is positive. There ya go.

[fsshon]

TIM’S IN CHINA!

“At that time, SAFE was certainly shocked by the news that the US government decided to take over WaMu and there was almost nothing that SAFE could do to save its investment,” said one of the sources. “It’s a good lesson for SAFE and you can imagine how unhappy it was, just like every other LP of TPG for the deal,” .The big losses by SAFE in the WaMu deal through its investment in the TPG fund have drawn attention from top government leaders in Beijing, who have urged both CIC and SAFE to be more cautious on its overseas investments next year.
I also read an article this week, that mentioned how the SEIU (Service Employees International Union) [Barack’s buddies] had 1.9 Bil invested, along with many different states Pension Funds also. As I sit here and think about Geithner going over to China this week, to “calm the fears” of the Chinese Government and their Investors; I cannot help but wonder if the WAMU deal soured them on investing in our banking sector. If Timothy can assure them that a “just reward” is heading their way soon on the WMI debacle, they would be more willing to open their pocket books and put some loot into our banking sector. This was a very interesting read and if you can “read between the lines” you can see the “writing on the wall!” I am aware that Treasury and Fed are not too happy with the FDIC for some reason.. BUT I CAN’T THINK OF ANY OFF THE TOP OF MY HEAD! LOL

China forex watchdog wiser after WaMu collapse
http://economictimes.indiatimes.com/News/International_Business/China_forex_watchdog_wiser_after_WaMu_collapse/articleshow/3915550.cms

[fsshon]

Hey Guys why do we care if a division of JPM is sold off to Keycorp and given a downgrade? JPM owns WAMU bank now, not WMI, so how they heck is that going to affect us? It should have said JPM, but if the article came out in April, JPM did not have full-control of WAMU yet in name change anyway. That happened on May 24th. Now it would be JPM , but it looks as though they are raising money by selling the division to Keycorp. Anyone know how much they received for the sale? It should be in the 10Q..

Unless we buy Keycorp, this does not affect us at all! New Topic!