Mr Cooper Group Inc (COOP)

[LuckyPanda]

If Hillary Clinton could not hide a few emails, what makes any of us think that FDIC can blatently rob the crown jewels of Wamu (the interest income stream on its $300 billion portfolio) and get away with it. Afterall, Hillary was the favored candidate of the "establishment".

We live in the age of wikileaks. Any such conspiracy would have been challenged by now as such conspiracy would have involved tens of people and many parties losing billions. You can hardly hide a conspiracy when it involves 3 conspirators. Try hiding it when it involves 100 or more.

The only way this could have gone down is for FDIC to do it "legally". That means selling the bank to JPM so that depositors are calmed and while "protecting" the Wamu portfolio behind safe harbor veil so that it can not be liquidated prematurely, hence protecting its solvency against the deposot base which it owes liability.

The main reason Sussman never pursued any lawsuit against FDIC is because they have not broken any laws. You cannot sue someone of robbing you when they havent. Sussman is not an idiot nor was he "bought" off. Our crown jewel is still there - right behind the safe harbor veil like it was designed to be in case of FDIC takeover. Larve firms like Wamu has huge legal teams that constantly put in legal protections for armagedon scenarios. They were not sitting on their asses waiting for the day FDIC come knocking on their door to only respond with "duh now what?". Contingency plans have been put into place by Wamu legal teams years ago. Safe harbor negotiations were done years prior to 2008. You cant be the largest s&l in the nation and have mickey mouse as your legal team.