Mr Cooper Group Inc (COOP)

[LuckyPanda]

Monica, I am not going to speculate north of $86B. If it happens, icing on the cake. I will be happy with Dr A's $86B conservative estimate. I think $40B is the minimum if the MBS did not perform to spec but I dont think that's the case. DB tried to sue JPM for put back claims and in the end they ended up giving $650M more to JPM...so I think the MBS are performing to spec or even better.

My point earlier to HM was that it was unreasonable to argue the insitutional investors in class 17 and 19 would just simply give up without a fight, for a minimum $20B claim...Or assume that the 95% A rated Wamu portfolio suddenly defaulted to a complete loss and none of the class 17 or 19 institutional investors challenged the default in court...or if it was simply gifted to JPM.

My point being is that no one will accept a $20B claim loss without a fight in court.