Replies to post #177854 on Mr Cooper Group Inc (COOP)

[knick]

Run a red light and kill someone or while speeding and thats a crime. Destroying many ppls finanical savings and investments are a crime look at madoff.

[travelmile]

you witnessed probable cause in 08, the fdic took action. say it anyway you want! they looked at the situation and made a judgment call and took it away from wamu. they didnt wait for wamu to hit .01. dont you remember? it was above a dollar.
the fdic had to do it! panic plays a big part of the stock market right? well before that senerio played out they took it.
no body in there right mind would just watch wamu hit zero cents. and nobody would even remotely take that chance of seeing if it would hit zero cents.

[Hurlserv]

Failure of a public company is, in and of itself, not a crime.

In my analogy I did not state, or imply, probable cause as a reason for arrest.

WAMU was seized because the FDIC and, eventually, The OTS were convinced by outside forces that there was a possibility, and only a possibility, not a certainty, of failure.

Subsequent events have indicated that failure was actually unlikely.

IMO