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Post# of 735717
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MadBadger

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MadBadger

Re: austin01 post# 497506

Wednesday, 11/29/2017 8:44:50 AM

Wednesday, November 29, 2017 8:44:50 AM

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Austin, the 1.9 billion was for reinstatement fees. JPMorgan has yet to pay for the assets they received.. if my understanding is correct. FDIC web site describes their intentions is to wait Up the 10 year max to value the assets, when there is a cost sharing agreement with the acquirer and the seller, then sell them at the current book value, which is much higher now then back in September of 2008.
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