Replies to post #408093 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Two other very interesting statements in this document:

As described in the “transaction recap” that the FDIC-Receiver sent to prospective bidders (including Chase) on September 23, 2008...

This (as many other parts of the document) clearly indicates that there was more than one bidder!!!

Also very interesting:

D. Chase Concluded The Benefits Of The Deal Outweighed The Risks.
Chase expected to profit massively from the WaMu transaction and believed that the risk of significant repurchase exposure was not material. Prior to the deal, Chase estimated that it would earn XXX over from the WaMu transaction from the end of 2008 to 2012.

XXX was blacked out

http://blogs.reuters.com/alison-frankel/files/2014/10/jpmorganMBStrustee-fdicSJmotion.pdf