Mr Cooper Group Inc (COOP)

[p_chen]

I would put a bet that the settlement appears before May. FDIC plays important role in the economy recovery plan. Tying to WaMu's case is bad. FDIC needs to function. Many analysts say we haven't reached the bottom yet, and estimate the dip is in June/July.

When FDIC is granted the $100BB instant funds and another $500BB if necessary, they will settle in a dark way. Either FDIC or JPM must squeeze out billions for WMI. Otherwise, FDIC and JPM are bound deadily. It's all about confidence. Obama can't optimize FDIC's management on banks until FDIC gets rid of all troubles.