Mr Cooper Group Inc (COOP)

[Bizreader]

Since it is Saturday and I feel philosophical I will venture this:

People in the banking and political system are as hard headed as people get, imho. The rational for a good fight seems so logical to the managers of large funds. After all, it is us or them.

Thoreau said that man's mind's ability to rationalize is unlimited.

This is the stage upon which Sheila Bair, Jamie Dimon, Judge Walrath and WMI stands now. Will they rationalize a fight as good and necessary or find a peaceful resolution that uses less resources and heals differences quickly? If they can't see a path to resolution I recommend a good fight!

Approve the Plan! Shake and make up. Close the book on this and let history be written; they compromised, apologized and moved on! You can do it. Approve the plan. You can do it.

We have better things to do than fight, like figure out the proper regulatory system to avoid the mistakes WAMU made, and the even worse mistake the FDIC made when they undervalued the assets.

Was the greater good served when they decided to prop up JPM with WAMU? Maybe, but that time is over now, TARP is there, and JPM should make a self respecting deal with all involved while they still can.

Look, know one knows what might have happened. Letting Lehman go was a mistake, they say. I think letting JPM go might have been a mistake too, but letting WAMU go for a dime on the dollar was definitely a mistake. IMHO.

JPM can't win unless they recognize the value in what they have. What goes around comes around and this war is not over unless JPM wants it over.

Approve the Plan.