Replies to post #416161 on Mr Cooper Group Inc (COOP)

[PickStocks]

Some Banks needed Tarp and there were some that were forced to participate in TARP, including JPM, BOA to name two there were others. In order for TARP to work all major banks had to take and pay back some paid back sooner than others......

[Bizreader]

That's not a strategy, that's a raffle, or a an orgy, or a cop-out and a feeding frenzy, but not a strategy.

And, yeah, at least one bank had to go to JPM to keep, at least their, books in the black in the first quarter of 2009.

It sounds like the deal has gone "sour" in that it's not as clear cut as the beneficiaries hoped, and now, since the end game was not well planned, the "settlement" will be made before serious charges are filed against the FDIC and JP Morgan Chase.