Replies to post #420034 on Mr Cooper Group Inc (COOP)

[dugit69]

nhtrader, What I like the most about the 13B settlement is that Jamie Dimon had to publicly admit that he was legally wrong and JPMorgan did not have FDIC’s robust indemnity in WMB receivership agreement as stated previously by Dimon. JPMorgan knows that if they try and obstruct the full return of WMI’s assets there is now no indemnity. I also believe the Department of Justice reiterated to JPMorgan their liability if all of WMI’s assets are not fully returned to FDIC-R.