Replies to post #726478 on Mr Cooper Group Inc (COOP)

[juicyjuice10002]

Any day now. May be waiting for the war to heat up.

[jhdf51]

It will blow my mind if we get paid anything.

JHD

[lodas]

why would WAMU be awarded any money from LIBOR settlements, if any.... WAMU does not exist anymore, and at the time they were making money off elevated interest premiums on loans they wrote, and sold to other agencies to make MBS....the FDIC lost money by over insuring liabilities on banks balance sheets with out collecting higher premiums they charge banks for protecting depositors savings....WAMU, and WMI was not in the business of making credit default swaps, and all the rest of those exotic derivative contracts....any money from LIBOR settlements will be kept by the FDIC....the ones that were harmed were the borrowers who made higher payments on loans, which were inflated with bogus interest rates.... ....Lodas