Replies to post #112314 on Mr Cooper Group Inc (COOP)

[uzualsuzpect]

I would start here - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=24410588

Then read the iBox. There is way too much happening and emotions are extremely high today.

[musicalchairs]

Looks like the judge is in favor of Wamu so far. The FDIC has for no apparent reason played a "let JPM keep it or we'll take it". Looks like backroom payoff stuff to me.

Questions to ask: Why would FDIC show up now? If the judge awards it to wamu then the FDIC has a shot at snagging it. If they don't then JPM keeps it. JPM has covered their TARP fund obligation so there's nothing for the fed boys to gain by JPM keeping the cash. The play they made yesterday makes it more likely to go to JPM. Makes no sense.

If it does go to wamu then the fight over the money will embarass the FDIC. Is that the motivation? IS the FDIC afraid of all the bad press? And beyond embarrassing they may have to compensate wamu shareholders for wrecking their otherwise solvent company. This could be the biggest financial story of all time.