Mr Cooper Group Inc (COOP)

[tcr7309]

fwh, that is the difference between many of you and I. No, not anything is possible. Some of you want to make this bk sound like it was the most catastrophic event of the last 2 centuries.

For 99.99 percent of the people wamu was a bank that was insolvent, a bank that was so levered in the subprime market it had to be sold, a bank that was not stable because of a run on bank deposits. That is all it is to most.

Do I agree, absolutely not. To this day, if Rotella and Killinger were smarter and more cunning, wamu would still be alive and who knows, jpm may have been in a much different place, ie, a much smaller bank that the feds had to dump a few hundred billion in to survive, but because of Jamie, snake oil salesman, dimon's luck, he persuaded hanky pank paulson to seize wamu to save jpm. JPM and all the others, citi, bofa, goldman were so caught in the synthetic derivatives fraud they all would have went under if not for the feds. WAMU HAD ZERO SCDO EXPOSURE, THAT IS WHAT ROTELLA TRIED TO EXPLAIN TO THE FEDS BUT IT WAS TO LATE.

Problem is, 99.99 percent of the people don't care one bit about wamu.

That is what is giving jpm and the fdick cover, ie, allowing jpm to steal whatever assets there were in wamu holding.

It makes zero sense to me that any assets will come back without a lawsuit being filed. Then you are talking 10-15 years before you see a penny, now what law firm is going to go out on a limb and sue, with jpm deep pockets, thus, that's why no suit has been filed on escrows behalf.

sorry, jpm wins, wamu escrows loose.

all imo