Replies to post #362268 on Mr Cooper Group Inc (COOP)

[radiumsoup]

Did you opt out on your ballot so you could join them in their quest for justice? Or are you trying to have it both ways?

JPMC has deeper pockets. Their costs for legal fees were about $7 Billion in 2010.

[cents2ks]

“So as of close, we’re going to take on $176 billion of assets, we’re going to mark them down $29.9 billion, and then we have another almost $1 billion of marks to the other portfolios, so we’re recognizing $31 billion of marks related to the loan portfolios.” If it’s a severe recession, expect $42 billion or so of losses. And if it’s a really severe recession, expect $54 billion of losses, Scharf says.

http://blogs.wsj.com/deals/2008/09/26/highlights-of-the-jp-morgan-wamu-conference-call/

[gandalf48ct]

Large...a frustrated groan from chambers...no doubt. TPS is not going down without putting some serious pressure on the HF's. I'd be curious to know how small the world becomes when it comes to TPS and equity's law firms.

[investorhub123]

Hope you are right LG........as much as I would like to see this thing end, it would be worth seeing JPM burn at the stake....