Mr Cooper Group Inc (COOP)

[Bizreader]

What I am seeing is that once the powers at work are able to isolate some bad guys doing bad things without a doubt, e.g. Ken Lewis concealing important info from share holders, the blame, sometimes called the paint, will be on the banking execs.

Next, paint Hank Paulson, who is gone and from the Bush Admin, and then expand the investigation to net other secret conversations and the case for WMI is bolsters without directly implicating JPM, the gov's bank.

The fine art....


the rest of the dominos will fall more easily without the blame landing solely on the FDIC. For example, bank leaders compromised share holder trust, then ex Treasury guy under Bush; Paulson lied and leaked and cheated, and then banks were lost in a bind and the the outcome is a morass that really happened due to Paulson's panicky procedures and the missteps of the "free market" leadership such as Ken Lewis. He had a chance to protect himself but was victimized by the confusion.

Sheila Bair is supposed to be like a public servant and the FDIC is the last bastion of "security" in the banking system. So, it doesn't really help to damage the FDIC in the public forum and the rely on the FDIC to insure the banks we are trying to reestablish. The paint needs to be on the past Treasury and some of the top bank execs who can go away anyway.

All my speculative opinion.