Mr Cooper Group Inc (COOP)

[tcr7309]

bban, you are right, it was conspiratorial, jpm, the arrogant sop's they are, figured that their ponzi scheme involving synthetic cdo's didn't need to be insured. So they self insured, unlike goldman, who insured through aig.

Paulson had to force bairs hand and have the fdic seize wamu to save jpm. That is a conspiracy, did jpm naked short with all their buddies to bring down wamu, did jpm plant news stories that wamu branches were not going to open, my guess is yes they did.

Bottom line, it worked and jpm was saved. If rottella and killinger (sp) were heavyweights, it is not far fetched that wamu could have bought jpm but it wasn't meant to be, jpm won and wamu lost.


Jim Cramer just a few minutes ago on cnbc said that at the time all banks were not liquid. He was making a point based on the market crash of recent.

all imo