Replies to post #118518 on Mr Cooper Group Inc (COOP)

[Dragynn]

So you admit, that Wamu was worth at least 7 times what JPM paid for them? That's awesome Johnny! I agree, but really I expect it was worth more than that, 2300 or so brick-and-mortar banks alone are worth more than 14 billion. 50 billion will do, it will pay off all debt, pay the preferreds, and pay the commons. heck, anything could happen, with enough money, Wamu could even reorganize and emerge as a business again (that happens sometimes in bankruptcies, but you knew that)!

[linda1]

If that is true then why is WMI suing the FDIC for monies that will not go to them?