Mr Cooper Group Inc (COOP)

[lodas]

banks were not harmed by fake LIBOR rate setting... the FDIC was harmed, thats why they instituted the lawsuits on behalf of the banks...... how was the FDIC defrauded?....The FDIC insures the liabilities of the banks balance sheet in case of a banks failure, and since the elevated interests costs by fake LIBOR rates ballooned banks liabilities, the FDIC was OVER INSURING the banks liabilities and not collecting the commensurate fees they charge the banks for this purpose....equity investors in major banks were not harmed when the banks made loans at higher interest rates, the borrowers making loans were....THERE WILL BE NO RECOVERY FROM LIBOR SETTLEMENTS THAT WILL ACCRUE TO HOLDERS OF WAMU COMMON OR PREFERRED INTERESTS.... the common , and preferred stock was cancelled, extinguished, and all rights associated with the prospectus is null and void... the chapter 11 was settled 12 years ago with releases signed by former holders of equity interests, which allowed WMI to cancel shareholders values in the stock....Lodas