Replies to post #438971 on Mr Cooper Group Inc fka COOP

[boarddork]

Yes, you got it now. A 5TH AMENDMENT TAKING (5AT) to prop up JPM who's potential failure would've been the largest of all bank failures.

If the American public knew how close we were to a financial nuclear meltdown, that was so bad, we had to rob a solvent historic banking institution to soften the landing, there would've been far more collapse in the markets and public confidence, leading to a much more intense and prolonged depression than the one we got.

Imagine, if the public was told we need need to cannibalize private banks to keep the ol USA from going bankrupt.......instead what we got was a blend and fold, of the good and bad, that 'averaged' the potential financial collapse.

There is a WAG-the-DOG campaign on every MB daily, to keep public opinion stuck on the fabled story that WAMU was the epic failure, not JPM.

I will say, the BK design was ingenious by utilizing "legal isolation and safe harbor".