Replies to post #634523 on Mr Cooper Group Inc (COOP)

[LuckyPanda]

No, I dont think FDIC controls the assets but the remote bk trusts may have a provision to not to distribute until FDIC close out the receivership...I think the "all true ups" condition that CBA09 referred to is that potential provision. I'm not too familiar with how these remote bk SPVs rules work but CBA09 was very knowledgeable about them as an industry veteran.

I've come to suspect this year that this whole Libor lawsuit against the big banks is a fraudulant delaying tactic to avoid closing down the receivership. We will likely never see a cent from these lawsuits but they have been going on for years without any result.

So my biggest worry now is that FDIC will continue these Libor suits for another 10 years and preventing the remote bk assets from releasing.