Mr Cooper Group Inc (COOP)

[chessman]

JPM earns $4B for the Quarter!

Just saw this on the Y board. How disconcerting it is, despite some of the positives about Judge Walrath, to recall her statement about the danger to JPM if those crooks were to relinquish the several billion in cash that Equity is owed. What a crock! It is just so frustrating to think about all the decisions "Sponge Walrath" could have made to get this settled equitably much sooner than later.

From the Y:

"Where did all that talk about them needing our $4B in deposits because, if they didn't get it, they'd be on the brink of folding? My God, who does one believe nowadays?

Funny (actually, it's not.), but if they just gave one quarter's revenue to the commons, they might be able to wrap up this WaMu thing in a week.

That $4B they earned in the last quarter was earned on $26B in revenue! Mind you, $26B over just three months! How much of the revenue and earnings were a result of having WaMu fully integrated (Dimon's words in his interview with Maria Bartolona) with JPM's operations?

Hope Susman and the EC took note of their latest earnings report (I don't doubt for a minute that they did.)

JPM has the money to pay us. It's just a matter of how much of it Susman and the EC will be able to extract. Jaime Dimon has a rep as a tough cookie when it comes to purchases and negotiations.

Let's hope Dimon's desire to be released from claims by equity is enough of a motivator for him to write us a check."