Mr Cooper Group Inc (COOP)

[rramirez82]

I think the FDIC's motion was really a "hail mary" attempt to intercept the deposits as they know the money will be awarded to WMI in summary judgment. I will never forget hearing counsel for the FDIC threaten Judge Walrath and I have no doubt in my mind that the fair judge has been biting her tongue in anticipation for friday's hearing as a result.

This friday, the FDIC will know exactly where it stands as the court will form a presumption that the FDIC "gave away the farm" when it seized everything from WMI. This ruling, in conjunction with the senate committee investigation, should be grounds for the FDIC to throw in the towel.

My guess is that the parties will settle before that money is ever turned over to WMI.