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LuckyPanda

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LuckyPanda

Re: None

Friday, 06/09/2017 7:44:57 PM

Friday, June 09, 2017 7:44:57 PM

Post# of 730625
FDIC-R has to pay JPM $650 million within 10 business day of the "effective date" according to last year's DB/FDIC/JPM settlement. I believe if probate judge approves on June 16, that would mark the "effective date" of the settlement. So that means JPM has to be paid by June 30th...just in time for their quarterly earnings cutoff.

I don't believe FDIC-R can pay JPM $650 million without final resolution and closure. So I'm thinking there is a high chance that we may find out what's behind safe harbor by June 30th...and escrow payment/WMIH merger by August 1st ??
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