Mr Cooper Group Inc (COOP)

[Bizreader]

There is no doubt that the 500 billion is being put up for just this type of problem; boondoggles by the banking system, i.e. FDIC / JPM and OTS.

That money will positively effect the whole picture, at least temporarily, and make it much easier for all parties to settle. The judge is suppose to follow the law and many people on this board think she will rule in favor of WMI and thus FDIC and JPM will have to have the money to pay up. If they don't the law suit will go on and and on and that will cost too much for the Obama Admin to back that. Dragging this on will create more uncertainty that we don't need. After all, all bankers want to know if their holding company property can be stolen by OTS/ FDIC / and some large bank.

The main stream news is so full of b.s. so don't put too much stock in the headlines.