Mr Cooper Group Inc (COOP)

[Billiam_2]

Yesterday's court decision's are significant. The decision to keep the March 31 date for filing all claims against WMI is huge. No one is going to buyout a company until they know what they are buying. All assets and debts must be disclosed. Only JPM has a front row seat in this regard because of all the disputes between WMI and JPM. If JPM buys out WMI they get it all, disputes settled. Why would they want to buy out WMI? Because of the FC issue. A buyout would make that go away also. WMI has a very strong case for FC (fraudulent conveyance). The FDIC pulled the trigger without really knowing what WAMU had in the way of resources. It is now known that the bank was solvent and much of the $16B of withdrawls were people moving their money around in the confines of WAMU. Buying more CD's at 5%. The only way to settle this is for JPM to buyout WMI. This insures their safety from a $300B lawsuit and protects the FDIC from a very harmful FC claim. $10/s for commons would be a cheap way to get out of all this mess. Look for something good to happen in April. Until then this will continue to climb as more insiders become savy to what's going on.