Mr Cooper Group Inc (COOP)

[jackson227]

CAN WASHINGTON MUTUAL INC SUE THE FDIC?

They not only can, they most certainly WILL. Anyone who thinks that WMI is not going to SUE JPM truly is a MORON. Hands down.

There is a 0% that no LAWSUITS WILL BE FILED.



http://query.nytimes.com/gst/fullpage.html?res=9F0CE4DB173DF93BA25751C1A965958260&&scp=1&sq=FIRST%20BANCORP%20OF%20TEXAS%20LAWSUIT%20FDIC&st=cse

(if the link doesn't work search for First Bancorp of Texas and FDIC and you'll read about the settlement)





Also, please look at this neat little article:

"JPMorgan Chase would like to become a qualified public depository as soon as the law changes to make each bank responsible for its own losses or if we determine it is an acceptable risk-return situation,” according to the statement.


Those words, along with all quotes from JPM and their
representatives are 100% complete bullsh!t.



There are several reasons why JPM "failed to file the required
paperwork for permanent status by a deadline of last Wednesday". One of them is that these very same deposits that must find a new home,
would have certainly been withdrawn by the public entities as soon as


THE TRUTH COMES OUT, through the voice of the mainstream media AND LAWSUITS are filed.


This truly is only the beginning, and it is


THE BEGINNING OF THE END OF JPM as we know them today and have known them throughout their incorporation.



http://www.bizjournals.com/seattle/stories/2008/12/01/daily33.html





Also, here are some reasons why the WFC filing was a good thing for ALL WASHINGTON MUTUAL INVESTORS............

1. They are not behind on any payments.


2. WFC HAD to file that document so it
was a permanent record in the court case.


3. This is NOT new debt (it is part of the $8bil)


4. This is actually a good thing. This takes care of precisely
accounting for over 12% of WMIs total debt.


5. None of this $1.15 Billion is due immediately. In FACT, it
is
to
be paid off over the next 30 years.


6. None of WMIs creditors are secured, all are unsecured.


7. The filing of WFC made it clear that they are making NO other
claims.


8. In addition, NONE of WMIs total debt is due "immediately".
Also, ALL
of WMIs creditors are people that WM has had a TRUSTED relationship
with for years, they all know WMI got their bank literally stolen
from them, and if anything, repayment of much of their debt can
easily be pushed back if creditors so choose.


So, in summation, any analysis that thinks that the filing of WFC
and the $1.15 Billion of Debt is a bad thing, is , you guessed it.......................................... a MORON.