Replies to post #238351 on Mr Cooper Group Inc (COOP)

[rockie101]

Catz....question from a dumbie like me...is this all good for us ?

[STRIKEEAGLE]

Great post Catz... JPM may be the most powerful bank, however, the FDIC appears to be holding a "near" full hand of aces.

[umaw]

Catz, right now it's as though J.Pig is leasing


the Wamu assets from the FDIC with the FDIC having the ability to change the terms. The actual real threat of the FDIC acting on this contract is the only thing that will move J.Pig to get off their arse and come to the table. They don't really care how long they extend the P/A agreement so long as they are making real money off the assets they acquired on the cheap. In otherwords, the FDIC must make some "real" valid threats otherwise, like the government, it's status quo.... Don't you think?

[dmceng]

WithCatz

Is it possible that with the likelihood that this settlement could be by far the worst ever sustained by the FDIC in history that they have no other choice but to share the inevitable with JPMC? BTW IMO JPMC has no intention of relenquishing anything in this deal short of being faced with jail time. It is just not their MO. They pulled off this fiasco under a cloak of darkness and their sinister motives and objectives will continue unabated unless they are threatened with incarciration. Period.

Take Care
David