Mr Cooper Group Inc (COOP)

[dugit69]

I believe Dimon confirms AZ’s Unicorn Theory!

Dimon's statement, "And in the WaMu case, we thought we had robust indemnities from the Federal Deposit Insurance Corporation and the WaMu receivership, but as part of our negotiations with the Department of Justice that led to our big mortgage settlement, we had to give those up".

I believe Dimon’s statement confirms AZ’s unicorn theory that JPMorgan assumed that FDIC would give them and their cronies the $100’s of Billion’s of assets owned by Washington Mutual. I believe Dimon thought he had robust indemnities given by FDIC for the assets taken from the Holding Company but later found this to be incorrect. Susman argued the Holding Company’s legal rights thus saving equity. During our mandatory mediation the Department of Justice was also forcing a separate negotiation with JPMorgan to return big mortgages back to FDIC-R. POR7 approved along with JPMorgan mortgage settlement.

Holding Company’s assets will be coming back to equity through the FDIC-R, as soon as an entity can be set in place to properly service the assets, which is the second part of AZ’s theory.