Replies to post #229573 on Mr Cooper Group Inc (COOP)

[SlyOne]

Whats the countdown, with F'DIC saying "No."

FDIC saying " We will not disclose the assets, current valuation or closing papers until after BK is over." They are protected by law (aggrh!) not to reveal the financial condition of a bank.

I believe this PA has not closed, FDIC could still true-up with JPM, Only after BK closes, because then F'DIC would then know what it liable for and have JPM paying into FDIC receiver.

JPM is only protected for $500 million on breach of NDA, But otherwise there are still on the hook for damages.

JD saying In march of this yr: "FDIC actions could cost us billions."

If FDIC discloses something that is. FDIC need to figure how to disclose without the information costing FDIC alot.

[Bizreader]

Thanks for the reply R! I know I can count on you to do your best in the years to come.

May I suggest that we all weigh more heavily on our responsibilities in the USA rather than our rights! We have spent 200 years emphasizing rights... with little time for our responsibilities... such as keeping good books and making them accurate and transparent as possible so as to encourage investment.