Replies to post #126589 on Mr Cooper Group Inc fka COOP

[linda1]

Really? Here is what the OTS says in the fact sheet on WMB released on Sept 25 2008.



"Receivership - With insufficient liquidity to meet its obligations, WMB was in an
unsafe and unsound condition to transact business. OTS placed WMB into
receivership on September 25, 2008. WMB was acquired today by JPMorgan Chase.
The change will have no impact on the bank’s depositors or other customers.
Business will proceed uninterrupted and bank branches will open on Friday morning
as usual."