Replies to post #596547 on Mr Cooper Group Inc (COOP)

[hotmeat]

$299B in assets seized and sold by the FDIC was never WORTH $299B in cash...there are LIABILITIES associated with those assets which must be paid to determine a final value. That's why JPM only paid $1.88B for WMB assets, the liabilities were applied and the remaining value was depreciated. That's like saying a person with a $400K mortgage can sell the house for $400K and keep all the money. Of course they must repay the bank the balance owed and can keep the rest. The only thing I ignore are these ridiculous notions many here hold as true.