Replies to post #132932 on Mr Cooper Group Inc (COOP)

[Jestiron]

Agree! The fact that there are tarps on WaMu signs out west is VERY VERY telling to me. I have taken it to means that JPM is at LEAST considering returning these back to WaMu. Given the lust (greed) for western banks by JPM...you would think they would have converted to permanent Chase signs, not banners.

IF IF IF Chase cherry picked the good ones....that still means WaMu can take on their old banks again and compete with their new "neighbors".

ALL IMO

JATW in effect.

[Dragynn]

Important point Godfather, I agree, it has always been my expectation that they would follow through as the chapter 11 filing indicates, and re-organize, and that's where the elusive Bonderman finally may come in IMO. With 230 million commons on the back-burner, he has a huge stake that can be re-born if all goes well.

And another thing to consider in the "possible" scenarios with regards to this matter, TPG bought up a big chunk of the Corus blowout, along with Starwood. Now the FDIC is their de facto "partner" in this deal, The FDIC still holds 60%, and has agreed to provide financial backing to TPG/Starwood in this deal as well. One could speculate, that it was the FDIC "making nice" with Bonderman. So in a "what if" scenario, what about a possible settlement, Wamu emerges from BK with the 4 billion, and the NOL money, and other monies/equity etc. from JPM, Moody's etc, FDIC agrees to "make nice" (no blame admitted, quite the opposite, they PR it as them being the savior of the taxpayer again) and transfer it's portion of the old Corus to Wamu AND continue to offer financial support, Bonderman rolls TPG's cut into WMI, Bonderman has a huge chunk now of a working investment bank, makes all his money back, and Wamu is back in business?