Replies to post #730795 on Mr Cooper Group Inc (COOP)

[ron_66271]

Because The FDIC Sued JPM.

On behalf of WMB because WMI sued the FDIC and won in Dual Track DC Court.

JPM is required to pay full book value for WMB and it’s assets.
Plus “Willful Misconduct”

The LIBOR litigation is all about settling the Derivative Market Meltdown of 2008.

The derivative contracts need to pay their insurance obligations (swaps) to the ABS/MBS Trusts generated by WMI/WMB for their losses.



Ron