Mr Cooper Group Inc (COOP)

[etzetrade]

That is the reason of book value gets involved. JPM believed that all MBS gets before the bankruptcy is much under the book value. What DB, as a trustee, got lost has nothing to do with JPM. But FDIC believe you have to pay everything regardless.

So Judge Collyer decided the cut-off points. FDIC is going to lose everything possibly to pay bond holders as well.