Mr Cooper Group Inc (COOP)

[boarddork]

Those terms are only regarding JPM's payment. DB is on a 'payment plan' so to speak.....according to the FDIC summary

The FDIC states as I quoted earlier, an "interim dividend distribution to DB", and others. Further, that the FDIC anticipates sufficient funding for remaining distributions to these same creditors.

Its almost like DB is getting their reimbursement in one infusion, like JPM got theirs?

Why?


Is DB holding up disbursements to its constituents like WMB bonds, until it is reimbursed for the last 10 years of expenses? And by extension, the FDIC is the real entity responsible for holding up disbursement, as it is dictating the terms and schedule for disbursement.


It's an interesting oxymoron that JPM who still is on the hook for LIBOR rigging, gets 100% of their expenses paid out thru the FDIC, and DB accepts a drawn out payment plan.

IF DB is paying itself first from the receivership distributions, AND, the FDIC wants to drag anchor on the WAMU saga yet, all the FDIC has to do is drag out DB payments and their ability to reimburse themselves quickly before attending to their legacy WAMU constituents.

Maybe the FDIC figures the only way to bury the story is to drag things out long enough where there is 100% cash liquidation of ALL securitization trust assets. No more trusts with mortgage assets, than no more paper trail. All liquidated Cash goes straight to legacy interests as provided, and noone sees anything except us and them.