Replies to post #119318 on Mr Cooper Group Inc fka COOP

[linda1]

Do you really think that WMI will sell out to JPMORGAN after all they have been put through?

[JohnnyWinter]

First of all, there is absolutely no proof that Weil does not plan on cancelling the shares as some suggest.

Second of all, the assets do not keep rising.


If you look at the balance sheet on the most recent MOR (page 7 of the following PDF), it is clear that the total assets have actually declined since 9/26/08

WMI assets 9/26/08 = 7,701,133,028
WMMI assets 9/30/09 = 6,932,908,747

Total decline in WMI assets = 768,224,281


WMIIC assets 9/26/08 = 977,488,380
WMIIC assets 9/30/09 = 903,401,016

Total decline in WMIIC assets = 74,087,364


Total decline in WMI + WMIIC assets = 842,311,645


The total liabilities have increased, but not by much.



http://www.kccllc.net/documents/0812229/0812229091029000000000012.pdf