Replies to post #501088 on Mr Cooper Group Inc (COOP)

[mufa]

That was for WMB, not including WMI loan mortgage portofoliu.
From FDIC and JPM statement


FDIC RESPONSE TO SENATOR MIKE HEWITT OCTOBER 16 2008 

JPM PAID A PREMIUM OF 1.88B 

PURCHASED ASSETS WITH BOOK VALUE 298.7 BILLION 
ADDITIONALLY, ACQUIRED LIABILITIES TOTALING 258.5 BILLION 

"THE ACTUAL MARKET VALUE OF THOSE ASSETS YET TO BE DETERMINED" 
WHY? 

HOWEVER,ACCORDING TO MEDIA REPORTS ISSUED BY JPM,THEY IMMEDIATELY WROTE DOWN THE BOOK VALUE OF THE ASSETS BY $30 BILLION.

I have the letter, but i have no option to post it.


Money didn't disappear.

[dmceng]

Etz

Yes and any safe harbor assets were separate from the 24B and imho will dwarf the 24B.

Take care
David