Replies to post #234492 on Mr Cooper Group Inc fka COOP

[ID Supermoney]

Here is an interesting summation/DD:

Which is VERY CLOSELY similar to WAMU!!!!

Posted by: trop Date: Monday, June 07, 2010 1:08:25 AM
In reply to: Arnold25764 who wrote msg# 3808 Post # of 3857

In a nutshell, Colonial BancGroup (CBCGQ) claims the FDIC illegally turned over it's assets to BB&T and as a result has taken legal action against the FDIC. (see link below)

http://www.americanbanker.com/syndication/colonial-parent-sues-fdic-over-assets-1015598-1.html

Also, with the change in 'Net Operating Loss' rules (NOL), they can now carry back losses 5 years versus 2 years. Speculation has the estimated NOL to upwards of +$300 million with the 5 year carry back.

They could stand a chance at recouping some major money depending on the outcome.



ID

[ID Supermoney]

Colonial link does not work!

But very interesting that WAMU filed this when Colonial had a legal battle won now!!


ID

[ID Supermoney]

LOOK HERE!!

On August 26, 2010, the Company filed with the Bankruptcy Court a Notice of Filing of Second Amendment to Schedule B - Personal Property (the Second Amendment), in which the Company replaced the First Amendment to Schedule B - Personal Property: Amendment to Attachment to Schedule B - Item 21 [Doc. No. 655] in its entirety and substituted in lieu thereof the Second Amendment to Schedule B - Personal Property: Amendment to Attachment to Schedule B - Item 21. The purpose of the Second Amendment is to provide updated information with respect to certain personal property assets of the Company and its entitlement to certain tax refunds.

And this

A copy of the Second Amendment is attached hereto as Exhibit 99.1. The Second Amendment also includes additional information related to, among other things, the Company and its affairs, information regarding the Company's personal property assets, state tax and insurance refunds, as well as a copy of the Company's Intercorporate Tax Allocation Policy.

Well does that include the 2200 branches of WAMU as well??


ID