Mr Cooper Group Inc (COOP)

[Chiron]

Judge Hoyts decision yesterday was not 'bad news', he was just saying that the proper place to sue the FDIC is in DC Court. Honestly, the Texas action has just as much chance of success in DC as it does in Texas. There are plenty of Judges in TX in someone's pocket that's for sure.

DC might actually be better, brings the issues right to the governments doorstep. Either way this is a different case than the WMI BK case in Walrath's courtroom.

JPM and FDIC may be quicker to make a Global Settlement if they feel things could go badly in DC court where there is more exposure.

Either way, the market seems completely unfazed by it, lol. Commons are green, and there isn't a crop available in the PQ fields right now under $20...