Replies to post #183319 on Mr Cooper Group Inc fka COOP

[ptolomeo]

what Solomon is now doing is what the FDIC should have done instead of selling WMB in one hour in a fire sale! Oh what errors panic can cause.

You're right DrDebit. I still cannot believe that the FDIC didn't do any valuation... did they really trust JPM's valuation?

[dmceng]

drdebt

There was no panic. Bad assumption on your part. Also your numbers are rather simplistic and do not take into account the true value of WMI.

Take Care
David

[chaarles]

Agreed. But I think they were trying to save JPM.
JPM was having real troubles, they were the ones asking for TARP funds to survive not WAMU. WAMU was solvent!!
The FDIC was too scare to have JPM falling down so they just gave them WAMU for free. IMO.

Google: JPM secret bailout