Replies to post #433173 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

5th Amendment Taking IMO

Question is, what would they be released FROM? This IS on a court filing. They are already ON THE HOOK.

[investorhub123]

Exactly, why would we show DB our hand until AFTER their claim is closed.

[hotmeat]

Post #431642 by fsshon...huh?

"There could be some truth here. The FDIC did not argue to Judge Collyer (JC) that the receivership would be rendered insolvent if she ruled they were responsible for the MBS. That is a very important point, because under FIRREA, the FDIC has the right to "clawback" assets to satisfy the creditors to the receivership.

However, the FDIC did not disclose anything about assets to JC other than the receivership has 2.75 Billion. I would think if the FDIC was worried about insolvency of the receivership, they would have argued this point to JC. This is telling and essentially puts a check mark on AZ and LG's side of the board and removes one from BK and mine. Now I am stuck in the middle."

[tcr7309]

jest, the case is not closed, there may be small money coming back to the estate, until the books are closed the fdic will not be off the hook. Standard legal procedure based on what a non lawyer has seen before.

Some are speculating way way out about the stupid fdick release.

Regarding Deutsche bank (sp) bank, IT IS NOT RELEVANT REGARDING A POTENTIAL LAWSUIT AGAINST FDICK. Regarding the release of funds, I think DB is suing for 8 billion, lets see what happens when that case is settled and very little money is their for them which would surely suggest no money for escrows.

What is the projected time line for DB decision? By the way, why do you think they went after jpm first and not fdick, hmmmm.

And you guys think fdick is a steward of escrow money. wow.


all in my opinion.