Mr Cooper Group Inc (COOP)

[SamuraiProgrammer]

In that context, I believe the assets are the outstanding loans of WMB and the liabilities are the deposit accounts of WMB

the assets are of unknown value because it is never sure how many loans will default.

On just those numbers, 1.8 B can be argued as a fair price. What I suspect happened is that JPM took not only the merchandise, but the shelf, and the carpet and the deed to the store including the safe where all the deeds were held.

I still believe WMI corporate had many assets that should not have been sold as part of the bank and they will eventually come back to escrows.

And before you ask... I do believe in Santa Claus. Simply that it represents the good in all of us. The real problem is that in business and law, fair play often goes out the window.