Mr Cooper Group Inc (COOP)

[Dragynn]

Wrong again. You can't claim to know what Bonderman thinks or thought about anything.

The issue in front of THJC, has to do with damages to WMI from the unlawful seizure and sale of their subsidiary. If JPM owns the banks now, then they also own the debt. That is part of the essence of this whole case, this was not a transaction, it was a smash-and-grab, you can't seize a bank and then cherry-pick, taking all assets and deposits, and not assume the debt as well.

WMB in fact, owes WMI big time, which means JPM owes WMI big-time.

It's all laid out in the complaint, have you read it?
http://www.nwprogressive.org/vault/legal/MAR09WaMuLawsuit.pdf

There are substantial damages being asked for here, there are multiple suits, trademark infringement, torts, and all sorts of claims of even illegal activity by JPM, and since they didn't even bother to argue when accused of bribery in Alabama, and instead shelled out 700 million, I think that shows a tendency. And claims of more illegal activity are not at all baseless.

Bottom line: They should have settled when it might have been cheap, after the Alabama debacle, and with the public's mood regarding these types of matters, they could be made an example of.

And JPM's "fortress" balance sheet, will burn while we Wamuers fiddle.