Mr Cooper Group Inc (COOP)

[jpm_sux]

THJMW ruled that she thought that in her opinion enough investigation has already been performed. If the EC can show that Rosen et.al. are pulling figures out of their a$$ then she can assess that and then decide that an examiner would be appropriate since we cannot assume that the debtor is not being forthcoming.

I am not sure why she ruled the way she did previously since I thought that the law was clear that if the UST indicates that an examiner is necessary then THJMW should have been compelled to appoint one.

I do not see why another set of independent eyes would not provide a even clearer picture of the situation. Obviously Rosen's shill (Blackstone) only served to produce an unqualified statement in support of the POSPOR (which is exactly what Weil/Rosen paid them to do), and an independent examination is warranted.

Hopefully this amended POSPOR makes it clear to THJMW that Weil/Rosen have no interest in justice, just dividing up the spoils, and that an impartial third-party view is needed. A number of investigations by FDIC, UST, DOJ, et. al. have focused on fraudelent conveyence rather than an accurate assessment of the value of WMI pre-seizure.

There needs to be an criminal investigation of Weil/Rosen/Damon/Blair for their actions in this whole debacle, but I do not hold out any hope for that since JD is a 'good friend' or President Obama and the whole matter of criminal wrongdoing will be swept under the rug (which has already happened.)

Let's hope THJMW calls them on the carpet tomorrow.