Mr Cooper Group Inc (COOP)

[jerrylev]

SamuraIP, I know that you were told by certain people not to "talk" to me but I talk to you anyway and you can ignore it if you want :)

- FDIC simply said that it took a 299B bank into receivership which is true

- FDIC does not say clearly what it did after that, but we already know that it sold a good chunk to JPM for merely 1.9B.

- Just from looking at 299B, those are assets and not cash and assets have liabilities and so 299B may be worth at the most 10% or even much less such as 5%.

- Out of that 299B, we already knew that there cannot be 100B of Safe Harbor since FDIC has only retained 40B while selling the rest (259B) to JPM for 1.9B. See the post by Justice,

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140643217

- Now in the 259B assets that were sold to JPM, there can be assets belonging to WMI, or were safe harbor or were securitized and they were seized and sold by mistake but the amount cannot be huge.

All in all, we can only count on the remaining of 40B of assets retained by FDIC after FDIC has paid the bondholders plus whatever are SH, securitized in the other 259B, which cannot be huge like in the hundreds of billions.

You are probably a programmer as shown in your ID and so I think you must be logical. How can 299B of assets return hundred of billions when most of it were sold to JPM plus assets have liabilities and it is not cash?

So logically speaking, it is impossible. One does not have to have insider knowledge or is a financial guru to know this.

Just like your program cannot do more than what the computer chips can do.