Mr Cooper Group Inc (COOP)

[boarddork]

That is one hell of a facet I never imagined. But if the deal never closed, that is the ramification. I need to stew on that a bit. If they dont even have the right to foreclose on a home they aren't in first position on, then what else?????

Credit cards, etc. Your right they are so done. On top of all the money they make every month off WAMU's assets.

FDIC and FinReg new rules on 'winding down' institutions is going to be tested soon with JPM.......i fear they dont even have enough to pay us. And I dont want their paper any more!

I really hope the FDIC pays the invoice on this (as they should for pulling the trigger) with their 500billion credit line. That cash I'd be more than happy to receive.