Replies to post #118690 on Mr Cooper Group Inc (COOP)

[byrddog]

"Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank"

"If you hold senior unsecured debt, subordinated debt, or other claims in Washington Mutual Bank then you should file a claim in the receivership for recovery of any amounts that may be due to you"

Straight from the horses mouth (FDIC)

http://www.fdic.gov/news/news/press/2008/pr08085b.html

FDIC Claims they incurred no losses as a result of the transaction

[dmceng]

Dragynn

It all come down to value which is what FDIC would like everyone to ignore and let them be left alone as the BIG Kahuna!!

Take Care
David