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Re: wildboarhog0 post# 402138

Tuesday, 07/22/2014 6:03:47 AM

Tuesday, July 22, 2014 6:03:47 AM

Post# of 729868
SGB: I don't.

The claims that have been submitted to the FDIC-R have to be dealt with. And there is still a bit more time for more claims to be submitted. Sorting out (settling, paying in full, or dismissing with finality) those claims will take time. FDIC-R will have to maintain a reserve fund to pay all "live" claims(those that have not been resolved with finality one way or the other).

Only at such time as the assets held by the FDIC-R exceed the aggregate of those live claims would the surplus begin to flow to the LT.

In short, even if the "escrow will be paid" theory is correct, I cannot see the FDIC-R paying anything to the LT this year.

Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
Federal District Courthouse, Newark

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