Mr Cooper Group Inc (COOP)

[hotmeat]

Post #431642 by fsshon...huh?

"There could be some truth here. The FDIC did not argue to Judge Collyer (JC) that the receivership would be rendered insolvent if she ruled they were responsible for the MBS. That is a very important point, because under FIRREA, the FDIC has the right to "clawback" assets to satisfy the creditors to the receivership.

However, the FDIC did not disclose anything about assets to JC other than the receivership has 2.75 Billion. I would think if the FDIC was worried about insolvency of the receivership, they would have argued this point to JC. This is telling and essentially puts a check mark on AZ and LG's side of the board and removes one from BK and mine. Now I am stuck in the middle."