Mr Cooper Group Inc (COOP)

[Boris the Spider]

BP posters believe 400b Libor suit may be settled for 100b.
JPM BOA would be smart to do that or risk paying 400b if it goes to trial, maybe even more.
So if they were to settle for 100b, the majority would go to the Wamu estate, aka, us.
I believe bops guesstimate is 8-12 par returning.
While that would be great, I think in actuality it will be more in line with hold2wms guess of just 1 par returning from Libor in the settlement.
But 1 par is 10b, not too bad. That would likely allow the receivership to close which will create the big money waterfall.
At this point it is all conjecture but Libor ongoing is fact that cant be denied. That could happen any time between now and the 4/4 deadline for discovery.
Even 1 par gives Ps 1k ea and commons 2 bucks. Not exactly chump change.
Say your prayers. Visualize. Help others in need. Dont forget the animal rescues.
GLTA