Replies to post #743769 on Mr Cooper Group Inc fka COOP

[jhdf51]

Ron — this kind of thinking is exactly why so many investors have been disappointed for years.

The LIBOR settlements have no direct legal tie to WMI escrows. Safe Harbor protections were put in place to shield certain assets during receivership and BK, but that’s a separate process that requires specific legal actions to resolve — not just LIBOR settlements or generalized accusations.

Belief is fine — but facts are better.

JHD

[LuckyPanda]

Do you really think TBTF banks are going to pay anything for the Libor suits? They fund the saleries of those at FDIC. The whole Libor suits are just a show. Remember, Jamie Dimon was sleeping with Sheila Blair. This is the 'norm' not the exception. TBTF banks are in bed with FDIC. That's how they robbed Wamu.

That being said, I am 1000% sure there are $30B to $87B in remote bk that belongs to us... the interest from our loan portfolio. If we will get paid this will be it.

I really really want to get paid. Believe me. I'm not undermining our investment. I just want the receivership closed.

[BBANBOB]

SOrry but it is not undermining our investment, it is coming to the reality based on the settlements we have seen thus far that IT APPEARS very little will come back from libor
Ron I know what should happen, but will it happen is the ? on libor
I OH SO HOPE you are correct and yes it was a serious criminal manipulation of currency world wide.
But when it appears we are heading towards another crash imho, that may take down even more banks, I just don't see the FDIC crippling banks on the verge of another crisis.
I hope I am 100% wrong