Replies to post #558408 on Mr Cooper Group Inc fka COOP

[wcheng]

that's what I was just thinking..

unless they can't 'pursue' per say and somehow the assets will magically be handed back to WMILT..

[jerrylev]

I don't believe that the trust is pursuing the LIBOR case and no bank does. I think the SEC does and then it pays a portion to the banks that are victims. 800 trillion of mortgage loans are affected by LIBOR. Assuming that WAMU created 1 Trillion of loans, it is still a tiny amount compared to 800 Trillion.

How much will the SEC give to WAMILT if any?

It looks like 10 banks have settled.

http://graphics.wsj.com/lists/LIBOR