Replies to post #186806 on Mr Cooper Group Inc fka COOP

[JohnnyWinter]

There's also a little thing called a POS loan.

When your POS loans add up, the value of your "assets" decline rapidly while your liabilities do not.

[JohnnyWinter]

This is straight from THE balance sheet as of June 30, 2008.

June 30, 2008
(dollars in millions)



Cash and cash equivalents
$ 7,235



http://www.secinfo.com/dVut2.t8tw.htm