Mr Cooper Group Inc fka COOP

[dmceng]

sf

No doubt about it. Done under the cloak of darkness on a Thursday it was all orchestrated to allow an orderly transistion of WAMU to JMMC including all the assets(among them Providian) and none of the liabilities. I don't think they counted on the BK of WMI giving them much trouble but even when it did, they coerced WGM into helping their case. When I am speaking of "them" I am referring to JPMC/FDIC etal. And the UST involvement was totally unexpected and shame on WGM to not have dealt with the possibility before it surfaced. It is a crushing blow to WGM whether they will admit it or not. the folks at WGM, A&M and the BOD should be frightened . I would be!

Take Care
David