Mr Cooper Group Inc fka COOP

[JusticeWillWin]

TJ0512, how do you explain that this FDIC page states that JPMC acquired "only" $258,576,810,000 in assets (middle of the page, or search for Washington Mutual)?

https://www.fdic.gov/bank/individual/merger/2008/closebmerger.html

And all other FDIC pages and the inception balance itself say WaMu had $299B in assets?

Here is the exception balance sheet in my previous post, also please explain the -40.2B "asset related equity adjustements" on page 1 (BELOW the yellow line). These (negative) 40.2B are exactly the difference to the $299B (or exactly $298.791B) .

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135423283

Acquired assets: $258.5B (from above)
+ Asset related equity adjustemens: $40.2B (from the inception balance sheet)
=============================================
Equals: $298.7B (the total assets of the inception balance sheet on the bottom right of page 1)

Being you have been around awhile I am surprised how you think WAMU was worth 299 billion. You should do some research and factor in the Liabilities and not just the Assets.

With regard to the purchase price JPM actually recorded the purchase in 2008 and actually recorded a 1.9 billion exrtaordinary gain on the purchase. This puts a damper for those expecting JPM to be making any filnal payments. Which if it was true JPM would have mentioned in thier 10k's and created a reserve within the 9 plus years since purchase.

Look at page 124 of the link below which explains the WAMU purchase.

https://www.sec.gov/Archives/edgar/data/19617/000095012309003840/y74757e10vk.htm

Notice it says PURCHASE PRICE and not BID PRICE. Feel free to read through the 10k to find where JPM is to make any additional payments.

A little research goes a long way instead of believing because someone posted something positive without doing any DD on your own.