Replies to post #81977 on Mr Cooper Group Inc (COOP)

[fsshon]

There you go again Biz, to heck with Lawrence I am going to take you to task on what caused this.

Read until your heart's content and then come make the argument you keep trying to make. keep in mind it was Mortgage Backed Securities (MBS) that was packaged up and sold into the secondary markets. Now Credit default swaps are part of the same thing, because secondary loans such as student loans fall into that category..

http://en.wikipedia.org/wiki/Community_Reinvestment_Act


Note bills sponsors are mostly Dems.

Now lets get back to work on figuring out the current dilema with WMI Fdic and JPIG!