Mr Cooper Group Inc (COOP)

[rramirez82]

I think the examiner is doing an amazing job so far and I am very pleased to see that the scope of investigation will leave no stone unturned. Given the nature of some items that appeared within the examiner's recent billing statement, I suspect the examiner and his team have uncovered some dirt that will probably result in (1.) the appointment of a trustee to replace WMI (in its capacity as debtor-in-possession) and (2.) the assertion of various business tort claims, third-party claims and avoidance claims within the bankruptcy court.

This is a dangerous game and I honestly cannot believe JPM and the FDIC have not settled. The level of corruption here is unprecedented and any findings of fact proving collusion between a publicly held bank and its federal regulators to seize and obtain a solvent competitor will be enough to shake foreign and domestic investor confidence in global markets.