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Post# of 735724
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hotmeat

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hotmeat

Re: ron_66271 post# 534775

Thursday, 08/23/2018 10:13:11 AM

Thursday, August 23, 2018 10:13:11 AM

Post# of 735724
Well rooonnnnn, it's evident you never actually READ my post or the link mordacai provided showing what the FDIC's argument is...facts do matter!

I will repeat...the FDIC's argument is not whether the CIC occurred or not, they claim the LT is a "Covered Company" that is subject to Golden Parachute Regulations which prohibits them from making such payments.

Those regulations state that NO PAYMENT can be made to these employee incentive plans after the failure of an institution ie WAMU, especially when some were only valid from August of 2008, one month before the seizure of WMB (convenient wasn't it???).

The Change In Control hearing in Feb. 2019 is to adjudicate whether the FDIC's "Golden Parachute" or Employees "CIC" argument prevails.

The End!!!

FACTS...NOT EMPTY RHETORIC!!!

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