Mr Cooper Group Inc (COOP)

[Bizreader]

We are like detectives but really we are late on the scene. lol

The damage is done and all the principals know the confidential reality.

The JPM lawyers know that any loss in court, no matter how small, means a turning of the tide.

With this single ruling the likelihood of much of JPM's original, massively greedy stance, will be eroded. For example, if that WMI deposit isn't JPM's, what else isn't based on similar grounds? With so many assets in WMI's name the WMI balance sheet could look real good really soon!

Yes, at the root of this whole thing is the basics of contract law being broken and the related fraudulent conveyance issues.
The FDIC has basic contract law in place between themselves and banks. JPM is party to this conveyance. They have lawyers. They could have steered clear.

If iHub board searched allowed text string searches that would make it easier but I think it only does single word searches. Searching for text strings like "fraudulent conveyance" would add tremendous value to the DD ops here.