Mr Cooper Group Inc fka COOP

[Texan77]

"I know that with so much happening in BK court today, not many will pay much attention to this filing in the DC action vs. the FDIC. But, once again, Quinn and Weill kick a$$ on FDIC with a virtually irrefutable brief, totally undermining all of FDIC's arguments that it should be allowed to pursue counterclaims against WMI in the DC case. Because their arguments are so clear-cut and strong, they don't have to kill a lot of trees to make their points.

I don't have the time or energy tonight to go into all the details, but if one adopts a legal mind, and reads this carefully, and keeps in mind the unfolding of all the many actions and arguments presented by all sides in the Delaware BK case, one will see the utter strategic brilliance of how Weil, Quinn, and Elliott-Greenleaf manipulated FDIC and JPM into intervening in the BK action, thereby voluntarily submitting to the jurisdiction of a court they really didn't want to be in, with the result that JPM and FDIC only cut their own throats. Once again, I am in awe, and, once again, I am reminded of Bopfan's declaration, almost a year ago now, that we would behold "the awesome power of the bankruptcy court" (paraphrased) and that Weil et.al. were the best of the best.

We are in good hands."
by vivian.. yayhoo
http://www.ghostofwamu.com/documents/09-00533/09-00533-0065.pdf