Mr Cooper Group Inc (COOP)

[mperfection]

This post just deepened my conviction that the settlement will be a SIZEABLE one! It seems wise for the judge to allow the parties to reach an amicable settlement themselves, one that is stiff enough to give some acknowledgment (although it will never be enough) of the egregious seizure by the FDIC while at the same time not sending too strong of shock waves throughout the entire economy.

If the settlement is handled rightly, notice will be served to investors both domestic and abroad that the "LAW IS STILL THE LAW" in the U.S. and that any such foolhardy moves by financial institutions in the future will meet with the same, if not stiffer, repercussions.

By the way, my definition of "sizeable" means that the preferreds will be made whole and that commons will see a "substantial recovery", i.e., DOUBLE DIGIT cash settlement.