Replies to post #119857 on Mr Cooper Group Inc fka COOP

[fsshon]

Try this: WASHINGTON, June 17 /PRNewswire-USNewswire/ -- Private equity powerhouse Texas
Pacific Group (TPG) is leading a $7 billion investment into troubled financial institution Washington Mutual (WaMu) which could drive up financial risks to consumers, taxpayers, and shareholders according to new information released
today by the Service Employees International Union (SEIU), the fastest-growing
union in North America.

"Combining the worst of big banking with the worst of private equity excess is
a recipe for disaster for our economy and working families," said Stephen
Lerner, Director of the SEIU Private Equity Project. "Capital infusions from
private equity funds may very well worsen our country's banking crisis by
encouraging risky behavior and abusive banking practices."
An affirmative vote on June 24 by shareholders will give the TPG-led group
control of shares representing 50.2 percent of the company's total shares,
(source: "Approve This Deal, or Else." Gretchen Morgenson, New York Times.
June 15, 2008).