Mr Cooper Group Inc (COOP)

[Boris the Spider]

FDIC meets next week. Is this the end game for LIBOR?

Maybe so. We are getting close to something. BP holding on to their predictions of 400B for the FDIC and 80-100B for the Wamu estate/us. Well, we shall see. I am more cautious on my prediction. But the key is, once LIBOR is done the other money can flow. As the FDIC said 5 yrs ago, there can be no final disbursement from the FDICR closing whilst there is ongoing litigation. Remember that? We are close to something indeed.

If there is so much corruption that we don't get any LIBOR funds, then we are doomed. But I like our chances. Amazing that 15+ years later we are still in the game.