Mr Cooper Group Inc (COOP)

[Boris the Spider]

LIBOR winding down so expect the unexpected. Now the FDIC wants 400B. How much of that is for Wamu, who knows.
Word is somewhere around 80B.
If JPM is indeed responsible for the bonds, 80B goes to the shareholders.
Once LIBOR is done the FDICR can close. Thats where the big money is most likely.
Seems like they want to close all this out quickly, maybe to infuse cash into this horrific economy. Elections are coming.
So who the f knows? LIBOR is the next tell.
Then, will JPM issue stock instead of cash? Will they issue new Ps for old? Will COOP issue Ps for assets? Is the 15 yr statute a factor? Are the hedgies ready to sue if payment does not happen now?
So many interesting things on the horizon.
Lettuce pray.