Mr Cooper Group Inc (COOP)

[dugit69]

Indemnities did not apply as per Jamie Dimon's statement; “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".

JPMorgan "had to give them up as per the big mortgage settlement". Jamie found out that his assumption of robust indemnities does not trump the Constitution that the Fifth Amendment provides that private property shall not be taken without just compensation.