Replies to post #111788 on Mr Cooper Group Inc fka COOP

[Bizreader]

That's all correct, as I heard it on the live audio feed in real time this morning.

However, if the judge rules in favor of WMI the stock price will likely rise.

Whether the FDIC stops WMI from getting the money is another matter and may help keep the stock price from sky rocketing but it won't stop it from going up, imho.

In the meantime, the possibility that the other law suits in the works develop in favor of WMI adds more reason to hold long here, imho.

[TJ1947]

Okay, now I'm really confused. FDIC was not acting as receiver for WMI, they were receiver for WMB. If someone were trying to give money to WMB, it should go through FDIC.

If I had owed WMB money before they were seized, and I tried to pay it to them now, that money would have to go through the FDIC for them to deal with and determine who gets it.

If I had owed money to WMI before they filed for bankruptcy protection, that money would come under the control of the bankruptcy court, not the FDIC.

How does the FDIC think they have any jurisdiction over WMI monies? They're not receiver for WMI!