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Re: newflow post# 461464

Wednesday, 09/07/2016 5:53:37 PM

Wednesday, September 07, 2016 5:53:37 PM

Post# of 749756
I think the fundamental issue here is this: how reliable is the balance sheet information that has been published.

Read this, the FDIC's information quality guidelines:

https://www.fdic.gov/about/policies/index.html

The FDIC cannot just publish data that it knows is materially misleading.

So, yes, I think the $2.75 billion, while it is unaudited and so it might be off a bit here and there, it is pretty darn reliable for our purposes.

If anyone thinks the FDIC is misrepresenting the state of affairs, there is a complaint procedure outlined at the bottom of the linked page.




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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