Replies to post #92728 on Mr Cooper Group Inc (COOP)

[squad4]

And you are a expert on this because ????????

[rramirez82]

Well then why don't you share your understanding with us all since you're obviously leagues ahead of us here.

While you're at it, please explain why we are "several months, if not years, away from a resolution with the FDIC" or why "Jamie Dimon will not be buying this company."

[Chiron]

I would agree with you except for one thing: Discovery.

This is looming over JPM's head still. There have been no documents produced. JPM is technically in contempt of a court order on this issue. The two parties have not even given Walrath a schedule which she annoyingly demanded from them.

2004 Discovery is a Damocles sword hanging over their head. If Discovery goes forward very bad things are going to come out here, eventually that could ruin Dimon's reputation. Instead of going down in history as the greatest banker, he could end up like Madoff.

If JPM goes through with Discovery heads are going to roll, and it could lead to criminal charges. Weil et al are not stupid. If there was not a smoking gun they would not have gone forward with it. Walrath would have denied it.

Discovery is what will end this sooner than later. Maybe not this weekend. Maybe not until 2010. But not 'years'. I can wait. :)

[Bag Holder No 672]

Statements only become facts when concrete information is available to support the claims. Until such information is obtained or brought forth the statement is mearly floating in BS with all the other BS statements.

[popcorn202]

"Jamie Dimon will not be buying this company, so you can all put that one to rest."

and you know this because??????

[wildboarhog0]

Not by choice anyway ;-)

[JimsZ]

Jamie Dimon will be kissing Weil's *** if Weil can prove this guy has done behind the scenes stuff regarding WAMU... And for a law firm like this to bring this out, they better as well already have the smoking gun!