Mr Cooper Group Inc (COOP)

[Boris the Spider]

LIBOR depositions are ongoing and must be submitted by 4/14. So the question is, will Jamie boy allow his troops to be grilled with the possibility of criminal charges for rigging derivatives? I doubt it. If he does he's nuts, because one could blow the whistle and take down his entire empire. It makes sense this will be settled soon.
$100B is nothing for JPM to avoid a major mess. The FDIC sued on behalf of the group for $400B. Would they take $100B to settle? Maybe. $200B makes more sense, meeting JPM and BOA halfway.