Mr Cooper Group Inc (COOP)

[ron_66271]

Also, Please Consider That;

Yes the ABS/MBS/RMBS are LIBOR based.
The Derivative contracts functioning as insurance policies covering all losses on the ABS/MBS/RMBS CERTS holders are also LIBOR based.

Yes a LIBOR litigation morass. JPM and the other big Banks needed time.
BUT, we win twice.
• Adjustments for losses on the front side.
• The resolution of the Derivatives contracts (OTC) what will free up the CERTS distributions to the harmed institutions.
?! How can a ‘insurance company’ satisfy claims when the insurance company doesn’t know what they need to pay!?

See the game!

WMI/WMB and the Others +Government Sponsored are the OTC Settlers.
I’m seeing a lot of OTC settlements on the LIBOR site.



I’m optimistic,
Ron