Mr Cooper Group Inc (COOP)

[Relentless93]

Does anyone here think that this global settlement proposal (if you can even call it that) was a ploy to let shorts cover? We had our chance for a favorable ruling on the $4 bil last court date and we agreed to a 1 week delay pending settlement negotiations. Here's the kicker: if Rosen, JPM and the FDIC were to come to before Judge Walrath and not have a settlement proposed, they knew there would be trouble. Thus, they propose this generic offer that concludes in zero benefit to WMI and 100% beneficial to JPM knowing that the EC will reject this offer. Eventually, we will come to a true global settlement, all the while giving a little time for shorts to cover.