The Trustee received correspondence from a former employee and director of United Western Bancorp, Inc. asserting the FDIC failed to account for $150,000,000 in capital owned by the Bank at the time of the takeover, and demanding the Trustee pursue this purported asset
===============================================================
As of September 30, 2013, the UnitedWesternBankreceivershiphadanegativenetworthof$346,978,000. AsofSeptember 30, 2016, the United Western Bank receivership’s financial picture had improved but still showed a negative net worth of $168,140,000
Wonder if the difference $178.838 mil was from recoveries from RMBs
==================================================================
NOL of $400mil X30%= $120Mil (Freds numbers)
==============================================================
$150.000
$178.838
$120.000
----------
$448,838,000
================================================================
Or you can say $120mil in recoveries and $178.838 in NOLs
Still its a chit pile of $$$$$$$$$$$$
