Replies to post #121499 on Mr Cooper Group Inc fka COOP

[Sculelos]

You are right, Washington Mutual has always expected significant recovery, while the FDIC just wants to forget the whole thing ever happened and wants them to go away, Sorry FDIC, Theft is not something you can just walk away for free, O wait the FDIC is actually holding 1.9 Billion "More" because they haven't done anything with the money that JPM supposedly paid for them.

[linda1]

I was responding to the poster WAS who said that he remembered WMI saying the company did not expect any recovery for the commons.


The article you posted does refer to the common shareholders of WMBANK and not WMI.


It has similar words "the FDIC says it doesn't anticipate any recovery for the commons", so I am wondering if there has been a mix-up and maybe it wasn't WMI that said they did not expect any recovery for the commons.


I will try to find - if there is one - an old news release or posting that can verify if WMI actually said this.

[linda1]

I am informed by Sculelos that there were no common shareholders of WMBANK and that the article is referring to WMI common shareholders.


Since the article does not actually say common shareholders but rather equity holders it could refer to preferred shareholders of WMBANK if there were any.


I does not make sense to me that FDIC would be referring to WMI common shareholders since WMI was not part of the receivership.