Mr Cooper Group Inc (COOP)

[Boris the Spider]

Dimon hoped for delays. Here's why.

He is a not a stupid man. He knew that if one of two things happened by delaying this saga as long as possible he would likely get to keep the stash he stole.

One delay possibility was to get a dem elected to office in 2020. This would guarantee a favorable situation and the ensuing chaos of markets would cause such turmoil that the WAMU saga would be a distant memory and he could keep the stash.

The other delay benefit, which is now beginning to happen, is a recession and financial chaos. That will turn the financial world on its ear and again, WAMU would be a thing of the past and of no importance with the world finances collapsing.

This is why delaying was so important to him, Rosen, and the FDIC. They knew eventually one of these things would happen, making delay a very important methodology.

And don't forget, IMO, Rosen is vying for a very handsome position with JPM, as Holder was able to get by gifting the WAMU money to Dimon.....Dimon subsequently gave Holder a $75M salary. Pretty good money!