Mr Cooper Group Inc (COOP)

[rramirez82]

Don't forget that the parties asked the court to direct the examiner to release periodic status updates. Depending on what these updates reveal will help us determine the course of the investigations and whether the examiner has sniffed a trail lined with the foul scent of Rosen's, Bair's and/or Dimon's malfeasance.

I think you're on the right track with respect to their window for a quick and fair settlement. My guess is that our adversaries and their counsel are burning the midnight oil either (a.) running the numbers and making offers to the EC or (b.) shredding any/all materials they can, while crashing their own servers to impede the examiner's investigation. My only contention is that your window should be extended through and until August 6th - when the appointed examiner files a document itemizing the scope of his or her investigation with the court. I wouldn't be surprised to see JPM wait until the examiner is appointed so it could try and pay him or her off in the same way it might have paid off Rosen. We are dealing with corruption and power at the highest levels. The window for settlement, IMO, is up until the examiner files that document - because the FDIC, JPM and WGM will be in quite the predicament once they realize the examiner cannot be bought and the EC (with the assistance of the U.S. Trustee) is out for blood.