Mr Cooper Group Inc (COOP)

[fsshon]

Nice to see NO Consideration of DS..

I was just sitting here wondering if the Examiner is tasked with actually determining a value for WMI per Solomon. If Susman has a value of Assets list that the DIP have purposely been holding back and now we know JPM assumed a Good Standing Loan portfolio from WAMU, then how can JPM buy a Bank for 1.9 Bil that made them 1.3 Bil in last q 2008, a negative goodwill write up of 2 Bil and 11 Bil in 2009? FDIC has purposely left this deal open, so they can revalue WAMU and charge JPM with the right amount of $$$ for the deal. They are going to be responsible for the WMB bondholders and these Marta Jokers.

They panicked and moved JPM in the WAMU spot, but never closed the deal. They just needed someone with a WALL STREET (Clubby) name to fill shoes they were worried about losing. Bair has said WAMU would have bankrupted the FDIC, the FDIC has publicly said they don't care about shareholders and creditors, they care about themselves. We are seeing Section 730 of GLBA in regards to FDIC making Bank Holding companies downstream assets into failing sub banks.

I see more than just WAMU filing suit against the FDIC. It will be almost like a class action suit when WMI regains monies from the FDIC and all the other failed bank holding companies ride the coattails. This is exactly why their lawyers negotaited the releases in the GSA. Nice to see the DS is not on the Agenda. Next ominbus will be just as boring as the last one.

~Don~