Replies to post #167250 on Mr Cooper Group Inc fka COOP

[nomonet]

Holy Cow Rkor.....that is the first time I've listen to it and WOW.....WAMU was stolen.....for sure. He says at the end still a solvent bank and the management didn't even know about it.....WOW.

Thanks for sharing.

[dianebRN]

Now that's some good DD. Great!

[PutYourWatchOn]

Edit sorry. I thought the one right after it was good too...

http://www.cnbc.com/id/15840232?video=1437266124&play=1

Thanks for the link. Hate that day, but always intriguing.

[JDUB]

WOW!! Everyone needs to watch this. Whether you have never seen it, or haven't in a while, spend the 3 minutes and let it be burned in your mind.

[maekuz]

Everyone should watch this video once in a while to get the bearing Straight. I like the fact that the correspondent states that WaMu was capitalized-ok and expects JPM to pay 10 Billions. Both statements are a gross understatement as WaMu was well-capitalized (well above the recommend Tier-1) and by all means worth more than 20B $ (even with all the toxic assets). That being said JPM got WaMu for 1.9B $ WITHOUT any debt.

If they get away with that you don't wanna own any stock. Its better be gold, guns and à lot of ammo.

[rstar]

"this is all very strange, the fdic acting in this manner
and by the way it wasn't as though wamu was going to have a deposit run tomorrow that was going to force the fdic to get into there. They were still, at least by the definitions we have, capitalized OK, and they weren't having a run on deposits,
at least thats according to the people i've been talking to for days now. that being said by the way the WAMU guys don't even know about this.. (oh my gosh) this ... being done by fdic [couldn't hear this part exactly] they just decide when they want to move and they move regardless what management thinks or even knows... there you have it . thank you david faber so much..."