Mr Cooper Group Inc (COOP)

[LuckyPanda]

Thanks Az. I agree. This whole Wamu affair may have seen unfair but it had to be done legally. I generally don't believe in conspiracy especially where there are counter parties that can loose billions of dollars. If for some reason, FDIC did confiscate all the ABS interests owed to WMI during the bank sale, I think we would have seen lawsuits for fraud by now. The fact that we haven't seen such lawsuits is not because they are trying to "bury" an illegal conspiracy, but because no such act has occurred. The only logical conclusion that I could come to is that equity committee did not sue FDIC for wrongful seizure because the portfolio in safe harbor has simply not been seized. FDIC simply sold WMB to JPM without any income stream -- thus they could justify the sale for $1.9 billion. The main income stream of Wamu has always been the loan portfolio and that has been safely sitting in safe harbor protected from untimely liquidation.