Replies to post #343157 on Mr Cooper Group Inc (COOP)

[UncleBo]

May be this is an indication that the FDIC is talking to the EC. If something pans out then they will exit the GSA and annouce they have the releases. Equity will be in the money and the rest is a problem for JPM. The agency would come out with clean hands so to speak...

Uncle Bo

[Tool_power]

Clawmann, no argument with your words, except that until the FDIC agrees to an extension anyone can terminate the GSA. It may or may not imply anything, but it certainly is odd that at this time (during mediation) that the FDIC would just "slip" up on taking care of this administration duty.

I don't think it's "critical" but it's certainly an interesting development. It's also interesting that the FDIC didn't make any comment when asked about this. If it were just an administrative error to be corrected shortly I think they would have said so.

Again, perhaps not critical, but Sheila Bair is no longer the head of the FDIC and the new management may not hold the same relationships with banks like JPM or may have different policies towards dealing with certain legal matters.

Obviously, it's all conjecture to make any assumptions based on the fact that the FDIC has not extended the GSA at this time, so we should temper our emotions here, but it is an oddity.