Mr Cooper Group Inc fka COOP

[SamuraiProgrammer]

I don't think the FDIC can touch the 86B that Dr. A referenced. I think it was 'behind the corporate veil'. They tried to breach the veil using FIRREA (if I understand correctly) and failed. Since then, Congress has changed the laws so that FDIC can breach the veil.

I think that FDIC is in a bit of a pickle. They claimed that there were no losses to the FDIC fund from the WAMU seizure. There should be something coming back - maybe from LIBOR settlements but more likely from sale of the loan portfolio.

If something comes back there will be wailing and gnashing of teeth if FDIC tries to keep it due to their claiming no losses. Unfortunately, it will just be another delay.

I don't think that particular delay has anything to do with BK Remote assets being distributed.

Again, all in my opinion only!