Replies to post #229809 on Mr Cooper Group Inc (COOP)

[WithCatz]

Nah uzual, I won't go that far. The P&A does serve a purpose, as it has in all bank seizures. {I'm not saying it makes it right, just that it serves a purpose}

It is a legal framework, of who needs to do what, etc, etc...

So, to that end, I don't see it as a 'worthless paper', just one that may need some, ahem, tweaking once the Examiner starts to question things.

Actually... Wouldn't the P&A just be a worthless piece of paper after the examiner final report anyways? I would think that it would be in the FDIC's best interest to modify on/before the 30th with $XX billion so they look like the good guys...

...Catz

[dgras0007]

But...if they modify it in order to "look like the good guys", the effect could be also as admision of guilt. That statement could go a long way. Why would you make such modification?. Exactly..to look like the good guys...But why would you want to look like the good guys? Because it is imminent that otherwise, you could end up being the "bad guys" which usually is tied to admision of wrong doing so we better cover up before it gets any bigger. This is going to be played like a game of chess. Whoever makes the first mistake will lose.