Mr Cooper Group Inc (COOP)

[umaw]

Bottom line is this: JPM is in the pockets of the Government and the Obama administration...Period... There are proven connections here. JPM had preferential treatment in the takeover because of the panic from the FDIC loosing so much money in the loss of Wamu. BUT, what about B of A, Citi, etc. All those institutions would have failed guaranteed, if they weren't bailed out. We (WAMU) missed the bailout by about 1 week after being driven in poor financial status primarily because the of vicious rumours about bankruptcy. I hope the judge takes this into consideration in her ruling. This is an opportunity for her to do the right thing as opposed to just "going with the flow" as the FDIC, Treasury and Govt. did when it appeared the lights were going to go out on the economy as we knew it in March. There was major panic and poor decision making under the panic and now it's time to do the right thing and pay up for irrational mistakes. They bailed out B of A and Citi, why did they sell out on WAMU? One reason, they (FDIC) felt that they could never cover the cost of letting it go bankrupt and be taken over by the FDIC (because of costs) so they brokered a, behind the scenes deal with days to avert it. Funny, how JPM could decide on such a purchase within only days but is having trouble coming up with information about the purchase after 1 year. Hmmmmm.... Smells like a rat's in the room,....for sure. The only hope is that the Honorary Mary Wilwrath will do the right thing....Remember, Shelia Blair also used to say that the taxpayers have paid no money towards FDIC bailouts. Well, guess what, they (FDIC) is almost broke and is looking for government funds to fill the coffers. Do what they do best....Borrower from taxpayer with no intent to payback...Corrupt to the core.