Mr Cooper Group Inc fka COOP

[Chiron]

**IMO, the 4 Billion is a big issue for the FDIC, and that is the reason why Clark cried like a baby on 2/5 and begged for a delay on the SJ ruling. Walrath rules the 4 Billion for WMI, and the FDIC look like complete fools, and fradulent conveyance is proven.

Then Weil, Quinn have precedent to go after all the other assets that comprise that 20 billion figure they threw around.

I personally think JPM is there already, there has not been the same vigor in their court appearances or filings for months.

The FDIC is not a government entity. The Federal Judge, Walrath, has the ruling authority over them. Regardless of Clarks pathetic threat last October, if Walrath rules the 4 Billion goes to WMI (as we surmise she was literally seconds away from on 2/5) there is nothing the FDIC can do.

The question begets, why did the FDIC want a month delay? What could they possibly hope to have accomplished in that timeframe to make their case?

We are 8 trading days away from 3/4. 1 more weekend. Sure, they could probably get another delay to the 3/22 hearing, but this ruling is coming very soon.

If Walrath was going to deny SJ, there is no way the FDIC would have asked for a delay, why would they? Rosen was ready, JPM was ready. Clark was not.

The 4 Billion is the juggernaut to push the FDIC over the line for settlement. Whether they come to table, or continue to fight remains to be seen.