Replies to post #57978 on Mr Cooper Group Inc (COOP)

[Lawrence 147]

To my fellow Washingtonian. You are correct in that the courts will slice through this mess. As for the precedents they are all within the law somewhere and that is why the FDIC and JPM do not want this mess to go to trial (that is what I am counting on). Once this goes to Findings there will be no hope for either the FDIC or JPM that is when the lawyers will determine what precedence to use and which to have as backups. The power of the subpoena is great and with all the electronic documentation and phone records that are just waiting for that court order. I would expect all their records from the time their offer was rejected will be looked at. And I mean everything from phone calls to stock trades to where their funds were held and where their associate’s funds were held. I can see every Withdrawal made between the time of the rejection to the time of the seizure being scrutinized. I can see the FDIC trying to explain why WMI was not as important as nearly 100 other smaller financial institutions when it came to the no short list.