Mr Cooper Group Inc (COOP)

[grandetourismo]

Seems to me someone in the position of authority with respect to oversight in WaMu's case would want to know what percentage of the O/S if any is spurious. Based on JPM's MO, I would want to know, have the shares or share price been tampered with? Would not someone like the trustee want to request a cusip change in order to clean up and reconcile the accounting of shares?, especially when it comes to establishing settlement value before any settlement negotiations can be completed.

A cusip change would require any NSS situations to replace any air shares they have out and necessary to satisfy their FTD positions. The exchange of shares a cusip number change brings about of course will cause a chain reaction. Regular short's eyes pop because they just saw the float shrink it front of them and would no doubt suddenly feel a strong urge to buy back their shares. Add a little more volatility because of market sentiment favorable to WaMu and the combined buy pressure from all the above will forge a truer pps then we see now, which prolly would choke a horse by then.

Free WaMu