Mr Cooper Group Inc (COOP)

[deekshant]

Thanks Tanjazielman:JPM's Accounting Number 173.6 billion justifies it

Tanjazielman:JPM buys all assets from FDIC-R, and has to pay book value for the assets which it still owes to FDIC-R (hence the 173 billion capital raise).

Who wouldn't opt in for this when almost 40-50% of the loan balance should have already been recovered over a period of 8 years. This is when you assume that all loans originated in 2008. And, JPM only gets to pay Book Value for them. I mean which is riskier- a new loan with 10% down or a loan paid off by 40%. You decide!