Mr Cooper Group Inc (COOP)

[PickStocks]

The fdic auctioned off the wmb, jpm agreed to the req. payment of $50,000,000 plus a bid of $1.88 Billion. The bid was accepted, and jpm has paid it in full. the assets list calling for book value, was deemed by the fdic that book value was equal to jpm's bid, closed, shut, and done, the WMB is gone for good!

Precisely the hitting the nail, Rosencrap also believes this as true because there is no money after this for equity....After JPM paid the 50 million he cherry picked the good mortgages and profited without actually getting true book value......

If the FDIC wanted to put it all up for sale for 1.00 they could have....The law is behind them.