Mr Cooper Group Inc (COOP)

[iPrelude]

So we had

Washington Mutual Bank FSB = $46,048,007 (Total assets at 06/30/2008)

See http://assets.bizjournals.com/cms_media/seattle/Washington%20Mutual%20Bank%20FSB%20TFR%20June%2030%202008.pdf

Washington Mutual Bank TFR June = $307,021,614 = (Total assets at 06/30/2008)

http://assets.bizjournals.com/cms_media/seattle/Washington%20Mutual%20Bank%20TFR%20June%2030%202008.pdf

So we had at 06/30/2008 total Assets valued at {$307,021,614 + $46,048,007}= $353,069,621


But At Inception Date: 09/25/2008, we had total assets valued at $ 298,791,522,367 ??
http://wmish.com/docs/FDIC/WaMuReceivershipFinancialStatements%28unaudited%29thru123108.pdf

Did we suffer a depreciation of (approx) $54B in those (approx) 3 months ?

Those $54B of depreciation (in less than 90 days) are huge, more considering the capital contributions WMI made to WMB during those days and the amount of cash that WMB fsb and WMB had , cash suffered no depreciation...