Mr Cooper Group Inc (COOP)

[Franconeli]

Also, it means a media frenzy when it's announced that:

1) Billions of dollars are flowing out of the FDIC again.

2) Those billions having to go out because a private company was directing the FDIC on how to do their job and telling them what bank's to sieze. And, that private company CEO has a direct connection with the White House.


It's a potential political nightmare. The fallout could be huge for the FDIC and Washington. People hate them already. You think the SEC got slapped around after Bernie Maddoff? Could you imagine how many people would love to beat the hell out of the FDIC and Washington right now? Everyone's looking for someone to blame.

If possible, I think a lot of people in a lot of places would like to delay this forever. Or, until the economy is so great that people don't care about this type of stuff anymore. Sort of like back in the late 90's and mid 2000's. IMO.