Mr Cooper Group Inc (COOP)

[marayatano]

It appears that Wells Fargo is interested in NOLs AND 4.4 Billion.

Wells Fargo wants to be informed/present regarding the NOLs and 4.4 billion because Wells may be formulating the cost of acquisition depending on the out come of the hearings and do NOT want to wait for the Transcripts of the hearing.

Why is Wells interested? Take a look back into the last few months. Off the top of my head...

700 Billion bailout package was yet to be announced on a Friday, ONLY ONE DAY BEFORE WAMU WAS SEZIED BY THE FDIC/OTS. Wells was one of the interested parties to buyout WAMU.

Wachovia was in a shot gun wedding w/ Citi for. The day the IRS tax change re: NOLs was announced, Wells out of nowhere announced an agreement to buyout (15 Billion rather than 2 billion offered by Citi) Wachovia BECAUSE of NOLs.

Wells needs these NOLS becasue it is probably one of the few banks that has weathered the Mortgage crisis, especially, Wells being concentrated in California (West Coast Bank) and has been profitable. These NOLS means that their income for 2008, 2009, 2010, etc will be TAX FREE and will benefit Wells' bottomline.

The above is only an opinion of the poster.