Replies to post #118313 on Mr Cooper Group Inc fka COOP

[Texan77]

I was looking through FDIC origins and what congress intended it clearly says maximize the return as well as minimize any los to insurance fund; the FDIC is standing on a half truth LOL

The U.S. Congress has entrusted the FDIC with virtually complete responsibility for resolving failed
federally insured depository institutions and has conferred expansive powers to ensure the efficiency
of the process. In exercising this significant authority, the FDIC is required by statute to maximize
the return on the assets of the failed bank or thrift and to minimize any loss to the insurance funds.

http://www.fdic.gov/bank/historical/reshandbook/ch7recvr.pdf