Replies to post #118725 on Mr Cooper Group Inc (COOP)

[The Godfather]

If they were solvent, then FDIC had no right to take the banks to begin with. In that case, the FDIC would have to pay the other creditors, not WMI.

[Dragynn]

The claim says right on the first page, that "Washington Mutual Bank, now in liquidation, is justly indebted to Washington Mutual Inc."

A debt is a debt. Again i'm going to have to stick to legal documents, judges, and the law for my trusted sources of factual information with regards to this case.

[JimsZ]

If they were "SOLVENT" there was no reason to FIRE SALE all the assets to JPM then were there? Are you telling me the FDIC couldn't have ran the banks while selling branches and the loan portfolio off? Didn't they do this with IndyMac and it sold for quite a bit didn't it? Isn't this their JOB?




Posted by: JohnnyWinter Date: Friday, November 06, 2009 1:18:22 PM
In reply to: Dragynn who wrote msg# 118724 Post # of 118738

That amount is not debt, and that is a claim to try and get capital contributions back, which they will not get because they were solvent.

If they weren't solvent, then they would get that money back but they would also be liable to give even more money than that back to the bank from dividends paid by the bank to WMI that should never have been paid if they were insolvent.



lose lose