Mr Cooper Group Inc (COOP): Boris, it does make sense. When the j...

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SamuraiProgrammer

Re: Boris the Spider post# 713068

Friday, 07/28/2023 1:56:17 PM

Friday, July 28, 2023 1:56:17 PM

Boris, it does make sense.

When the judge mentioned 'colorable' accusations (I think of insider trading), it threw 1 or 2 monkey wrenches into the works. The first was to the 'boyz' and allowed commons to participate. The second may have been the 15 year delay in closure as you describe.

I can't see any other reason why FDIC couldn't have closed the receivership sooner. IMO 10 years was plenty of time.

It is either that or FDIC trying to leverage JPM to pay up. Sadly rather than a ginormous crowbar, all they have are pencils and paper clips.

Keep the faith.

Gooo COOP

Gooo corpse of WMI

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