Replies to post #144191 on Mr Cooper Group Inc (COOP)

[Tucker95]

from the article-

The subcommittee, part of the Homeland Security and Governmental Affairs Committee , is led by veteran Democratic Sen. Carl Levin of Michigan , who said last year that his panel was "looking into some of the causes and consequences of the financial crisis."

The panel has a history of conducting formal, highly secretive investigations in which it typically issues subpoenas for documents and witnesses, produces extensive reports and sometimes refers evidence to the Justice Department for possible criminal prosecution.

It couldn't immediately be learned whether the panel has subpoenaed Goldman executives or company records. However, the subcommittee has issued at least one major subpoena seeking records related to Seattle -based Washington Mutual , which collapsed in September 2008 after being swamped by losses from its subprime lending. J.P. Morgan Chase then purchased WaMu's banking assets.
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Chortle, Chortle & Gaffaw

[oilstrike]

It would seem that Judge Mary Waltath may have set aside the request to file subpoenas of the FDIC given that in that article, apparently investigations are already underway. Just a bleak observation, but there may be some hidden reasoning yet to be made clearer.