Mr Cooper Group Inc (COOP)

[uzualsuzpect]

Here is a blurb from a new article:

The Next BP Blow Up: A $9.9 Billion Tax Credit.

President Obama has insisted BP would bare the entire cost of cleaning up the spill and making the injured business and wildlife whole again. And yet BP said today it plans to claim $9.9 billion in U.S. tax credits based on the $32.2 billion charge it reported related to costs for the Gulf oil spill. That means that $9.9 billion that might have been going into the federal government’s general fund will be used to cut BP’s spill costs by a third.

....We have seen this movie before. This year, J.P. Morgan Chase dropped its plan to claim a $1.4 billion tax credit that was owed to Washington Mutual, which the New York bank acquired at a firesale during the financial crisis. That is because it wasn’t great public relations for a bank that had taken (and repaid) $25 billion in federal bailout money to be seeking a tax break.

When did they "drop" it?

http://blogs.wsj.com/deals/2010/07/27/the-next-bp-blow-up-a-99-billion-tax-credit/