Replies to post #513339 on Mr Cooper Group Inc (COOP)

[etzetrade]

I remember that DR. A calculated the additional revenue of JPM to determine the possible assets obtained from WMI. May not be all correct but someone may correct me.

[etzetrade]

Also, DR. A never said $86/share. He only pointed out the value of assets in billions from WMI.

[JusticeWillWin]

Here are 3 links to Dr. Acharya's objections/calculations, to start with,...

...in chronological order:

https://de.scribd.com/document/72673509/Washington-Mutual-WMI-Objection-to-Proposed-Settlement-Filed-by-Sankarshan-Acharya

https://de.scribd.com/document/72673784/Washington-Mutual-WMI-Objection-to-Disclosure-Statement-Filed-by-Dr-Sankarshan-Acharya

https://de.scribd.com/document/72673911/Washington-Mutual-WMI-Letter-Filed-by-Sankarshan-Acharya-Regarding-Response-to-the-Objections-Filed-by-the-FDIC-and-Department-of-Treasury-to-the

He said even more than $86B equity, but I think his calculations to determine the assets are a little bit oversimplified and not valid, BWDIK...

Can you or anyone else post a link to his analysis?

I've never read the document but have felt that his assessment could have been an overly optimistic estimate. The reality is that his analysis was done based on publicly available info only.

Once the bank was seized JPM or the FDIC took full control of WAMU's books. I do not believe they have since allowed anyone other than the FDIC access.

I don't doubt there is great value left between the Debtors estate, and unsold WMB assets the FDIC still holds. I do though query that figure due to it being on the extremely high side.

Regarding the $86 share value, that IMO is moot since the main asset, WMB, was seized. That may have been but even if those figures are true, it's now irrelevant due to our current status.

Ques: Honestly,...To date have you ever seen one shred of FACT BASED evidence presented that demonstrates Commons still exist or could resurface to own the Original Estate???

Many have asked for evidence that supports the many claims being made but for some strange reason only excuses, ridicule or admonishment is meted out to those who make the requests. IMO....that says it all!

[wowalters]

I think Bbob had the links for Dr A's work saved.

A forensic accounting, with Congressional suppenia powers, needs to be required if the FDIC doesn't bring this mess they started to a provable maximized book value conclusion before 9-26-2018.