Mr Cooper Group Inc (COOP)

[Desperado90]

Thats certainly how I feel too. Its cheaper for the government to resolve this issue by just saying well we need to re-evaluate the Purchase Agreement. JPM would cry foul but they have no where to hide.

JPM would cry to the government that it took WAMU's toxic assets portfolio and was helping to reduce systemic risk like they did for Bear Stearns. The government can in that way help pay JPM part of the toxic assets value.

There are several settlement options. JPM has the bank but they also want the FDIC to cough up part of the settlement and I have a feeling WMI Lawyers are requesting something significant.

GLTY. At least we can agree on WAMU.