Mr Cooper Group Inc (COOP)

[Boris the Spider]

Libor update.
So we know the Fdic has requested and been granted case protection. That means getting updates and settlement info will be difficult.
I think the judge granted the request due to the enormity of the case. It will be the largest in Fdic history. Why? Wamu, that's why.
I have a feeling as do others that we may see something happening any day now or the first half of May.
The secretive nature of protection makes me worry a bit, but its certainly understandable why the Fdic requested it.
Will the settlement be 400b? Doubtful.
But 100-200b is possible considering the banks made trillions.
Then the judge decides how the Fdic must divide the settlement. My guess is Wamu gets 50%.
AIMO