Replies to post #118519 on Mr Cooper Group Inc (COOP)

[Dragynn]

Sadly that's the truth Godfather, and the potential damages that can be assessed, are staggering, it would come close to running the FDIC dry. But they have mentioned many times that they have a line of credit with the Treasury, 500 billion wasn't it?

In the end, it's always the taxpayers/investors/workers that have to pay, one of the most offensive things I find, is the series of "PSA's" the FDIC posted on Youtube, claiming that no one had ever lost a dime due to bank failures because of the FDIC. Funny, comments have been disabled on all their videos...fancy that, I guess there just isn't room for all the thank-you's from the grateful public?
;-)

[ILVMNY]

Wouldn't the money be in the FDIC Corp.? Not the 1.8b. The money the FDIC holds as an insurance corporation. That's why the FDIC Corp wants to be dismissed, claiming they are a separate entity.