Mr Cooper Group Inc (COOP)

[Desperado90]

IMO, FDIC and JPM will not settle WAMU debacle and allow us to go back to business and compete in the same market again. The old account managers will move their accounts back to WAMU which is now cash loaded and free of a ton of debt.

If I am JPM, they should just buy WMI and get the FDIC to chip in some of the settlement. $12B for commons and $5B for preferred and assume $8B liability.

They can keep the $4B and deal with the bonds as they mature.

Giving WMI a ton of cash in this liquidity strapped economy will be suicidal for JPM unless FDIC cancels the sale which is almost impossible.