Mr Cooper Group Inc fka COOP

[JimsZ]

Well, if that recent lawsuit against JP Morgan is correct, (the one where they lost $100 million selling him junk mortgages to get themselves out from under) then JP Morgan/FDIC and others have some explaining to do. Apparently it was stated in th lawsuit that JP Morgan told others in 06-07 to get out from under any held mortgages because the mortgage market was going to implode.


Now how did these large banks know this in 2006 what exactly was going to happen in 2008 unless they either had information this was going to be caused by others (Federal Reserve, large banks, FDIC) and/or they themselves created the problem?