Mr Cooper Group Inc (COOP)

[WaS]

It's coming. Anyone that was at the hearing last week had to feel it. Between the bank bondholder dope saying "There's been no settlement... YET!" but we're hoping all parties will be happy... JPM, FDIC, WMI, WMB bondholders... but there's no money for shareholders", to me that was huge.

Then you had Rosen pleading his case at the EC formation... "Talks have been fruitful. We've narrowed the gap... All parties are hoping for a settlement... etc etc".

You can hear the WMB bondholder in the youtube EC video and Rosen's EC formation rant is on wamuqd.com in the post about the lawyers turning on shareholders.

I think we're witnessing the end. I know some don't even think they'll allow THJMW to rule on the 4 billion. Others believe she'll hear it and then sit on it and wait for them to settle.

I kinda wonder if the FDIC is giving this one last show and if they lose the money then they end it and end it fast.

Honestly, I'm holding indefinitely now so while I'd like to see it over and done with yesterday a few more months won't kill me.

But this could come to a head out of the blue. Maybe they weren't prepared to do a deal this quickly and they need more time for the lawyers. Maybe they were just waiting to see if they could get rid of equity first.

I have no idea.

But I do know that JPM/FDIC haven't got a snowballs chance in hell of any victory if a jury is in the mix (not with emails like that one I posted kicking around in Weil's arsenal). And neither group needs to deal with media scrutiny of any kind over this. And while they've kept it quiet for all this time I can't help but to think you throw a jury trial in the mix and people are going to catch wind of the details and flip out.

All just my late night ramblings.

"WaS, I am just wondering why all the delay tactics? This is a smoking
gun. Quinn could say "either settle now or else...""