Mr Cooper Group Inc fka COOP

[XOM]

Great post Spain.. FDIC's assertions of setoff rights and repeated usage of the term "Disputed Deposit Balances" undermine JPMC's claim of "it's our money" and notions of capital contributions (Sacks).

FDIC wants to modify the automatic stay and direct JPMC to return these "DDBs" to noninterest-bearing segregated accounts at a Federal Home Loan Bank (pg 9, 10) until resolution.

In essence, FDIC wants to hold the money in the meantime.

FYI the motion was filed by firm Young Conaway Stargatt & Taylor