Mr Cooper Group Inc (COOP)

[es1]

Claw What I do not understand is why do they need any form of extension when the extension doesn't really mean anything?
I could understand the judges words if the GSA actually expired. It is sorta like the expiration on a drivers license. If it said that it expired on 11-23-2011 it is expired. It isn't like it is still good until the DMV decides to suspend it.

Why have an "expiration" when it doesn't expire? Why would the judge care if they signed an extension if it is still extended by not signing one?

The only thing I could think of is if mediation is successful and we all reach an agreement without the FDIC and JPM in mediation, and the FDIC doesn't like the agreement, they will just exit the GSA and our agreement is worthless.

I know that would open a can of worms for Rosen and the FDIC, but they have to have their motives for leaving the door open after the judge requested they close it.

Only thing I can think of is if the new leaders of the FDIC want the GSA to die. This would open the door to the truth. The next thing we know Blair's actions are under new scrutiny and the new leader of the FDIC allows justice without seeming to rat out the former leader