Mr Cooper Group Inc (COOP)

[PickStocks]

108.
The definition of “Book Value” in the P&A Agreement contemplates that there will be “adjustments made by the Assuming Bank for normal operational and timing differences.” (P&A Agr. Art. I (def’n of “Book Value”).)
109.
As Assuming Bank, JPMC made “adjustments for normal operational and timing differences” in account number 51994. (See
Ex. 769 (Blake Report) at 10-13, 19-20; Barren Tr.
at 45-46.)
110.
Following these “adjustments made by the Assuming Bank for normal operational and timing differences,” the book value of the WMB repurchase reserve was approximately "REDACTED" as of September 25, 2008. (See Ex. 753 (Kothari Report) ¶ 24; Ex. 769 (Blake
Report) at 10-13, 19- 20; Blake Tr. at 11:13-12:3; Arnold Tr. at 131:4-5.)


Why redacted was the value in the Billions!!!!!!