Mr Cooper Group Inc (COOP)

[scrivenerserror]

A little numbers game :

165 billion is what jpm had off balance in 2008 stolen from wamu .

Average loss rate is @ 59% .

78 b is already paid in cash .

38 b is lost and gone forever .

Leaves 49 b at loss rate 59% = ~ 20,09 b

78 b repaid cash + ~ 20 b future cash = 98 billion $$$ cold hard cash .

What a coincidence that jpm shoves off about 100 billion in "customer deposits" . Rofl .

+ 24 b in wamu assets + interest @ ~4% x 7 years = ~32 billion sitting at fdic .

~ 122 billion $ for equity . I know , seems like too much to believe it could be real . Haha .



My brain has massive problems figuring out my future deposits . Too much money . Haha .

I would feel "fair and reasonable" / satisfied with the 32 b from wamu holding .

All imo and gltua.