Mr Cooper Group Inc (COOP)

[tcr7309]

but why does it matter. the feds are not going to payout huge, think about it. put yourself in their place. wamu was a subprime beast and a lot of fraud took place, in their minds this is their punishment, shareholders loose.

they know they seized an salvageable entity but jpm was more important to them then the outsider from Seattle, the big mistake is that they were not connected to washington like all the banks that got saved. killinger liked being an outsider and not play in their club.

i think, do not quote me, but he said something like "to clubby to fail" regarding who the winners and losers were