Replies to post #654769 on Mr Cooper Group Inc (COOP)

[LuckyPanda]

The settlement was between DB, FDIC, and JPM. DB was suing FDIC/JPM for billions for put back claims as trustee for class 17 WMB bonds. And instead of getting money back from JPM for putback claims, they ended up paying JPM $600 million to settle in 2016...very suspicious.

I suspect the loan assets backing class 17 were performing much better by 2016 settlement time then when they first brought up the suit in 2008 at time of WMB takeover.

Class 17 is still owed $13B and FDIC is still claiming there is no money left?? and DB as trustee pays JPM $600M?? instead of receving money for putback claims... And class 17 is not crying bloody murder ?!?


Something suspicious no??