Mr Cooper Group Inc (COOP)

[boarddork]

Maybe KKR was also caught up in the Project Eclipse delays, as well as the first failed acquisition target prior...thanks to Alice's litigation delays. It was enough of a threat to unwind the POR7 reorg, because had she succeeded, every other class would be beating down the door following her lead. What prospective merger partner wants that baggage?

If you have to ask who benefits the most from delay? what parties are left other than reorganized WMI......and you got JPM and the FDIC. But the FDIC only has jurisdiction over the bank...unless as I posture, there could be another Purchase& Sale under seal regarding the sale of WMI the former Holding Co, to JPM. JPM and the FDIC do like to work together as we well know. And if you really wanted to keep things under wraps, you'd keep it ALL under wraps WMI and WMB. You can't have us feral shareholders running around squealing about 5th Ammendment Takings, etc.

I'm left with its JPM who's throwing wrenches in every direction to delay paying top dollar for all of WMI, not just the bank.

Could JPM and the FDIC be playing patty cake together while its mutually beneficial? Probably.