Mr Cooper Group Inc (COOP)

[mufa]

As FDIC said JPM paid only 1.9 billion a premium for WMB.Assets minus liability as 2008 (298.7 billion-258.5 biliion) is what JPM reported when they took over. Just for the bank is around 40 billion.
It s not included WMI (holding company assets) and portofoliu loans.
JPM did NOT get over 615BB in portofoliu loans and the income generated from interest from those loans.Portofoliu loans (615 BB) is not and was never part of WMB transaction.
Those loans generate (6BB-9BB) income per year before 2008 , for the REAL OWNERS of WMI HOLDING Co.That s escrow markers!
With foreclosure that follow financial crisis in 2008, I assume the income generated from 615BB portofoliu loans could be much smaller.

Take a look at market cap of JPM before 2008 and now. Market cap of bank increased almost 3 times. Most of big banks market cap double up in value after financial crissis.
WMB was never reported as insolvent bank,just short on cash same as JPM or any other big bank.
JPM will pay us with our OWN money and make it out like bandits with a lot ++ BB profit.
It s not a fantasy to see 80BB -100BB coming back.

IMO