Mr Cooper Group Inc (COOP)

[rramirez82]

Exactly - which is why scope and time are of the utmost importance right now.

I think Walrath will grant broad scope but I understand the creditors' argument and they are entitled to their money. However, the culpable parties here are the FDIC and JPM and if the investigation yields valuable business tort claims, the creditors will be compensated with interest for the delays anyway.

The settlement isn't the only thing that will be investigated. The lack of investigation on these valuable tort claims is very suspect and the suspicious collaboration between WMI and FDIC/JPM is also quite curious. IMO, the examiner will have the authority to pry into all of these issues - and I hope that either creates massive liability for JPM/FDIC or a settlement offer beyond our greatest expectations.