Replies to post #225580 on Mr Cooper Group Inc (COOP)

[es1]

Here is a WAG for the "Should have held out for more" thing.

what if the attorney who received the message was with the FDIC?



Back in Sep 2008 the FDIC was in a panic about all the banks.

For a couple months they were worried about wamu adding to the mess and worked out a deal with JPM.

JPM set off the shorting and causes the "run" which gives the FDIC enough of an excuse to seize the bank.

After the bank is seized JPM back steps knowing the FDIC just took a solvent bank and tells the FDIC that they couldn't pay as much as they thought they could.

The FDIC is stuck with their hand in the cookie jar. Since there are "no other bidders" and the FDIC is facing being exposed for seizing the solvent bank. They decide to just give the bank to JPM for the 1.9 bil and make this go away. They give away the bank lock,stock and,barrel and never see an asset list.

Now the FDIC gets a copy of the sealed filing and they see Solomons numbers and say..... DAMN!!!

"We should have held out for more"

$16-24 per share for commons IMO

I think we are worth more but I think to get any more then that would cost us 2-5 more years in court.