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SamuraiProgrammer

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SamuraiProgrammer

Re: None

Monday, 12/16/2019 12:19:29 AM

Monday, December 16, 2019 12:19:29 AM

Post# of 732292
Eight is NOT enough!

WMI refused to sell for 8. Then FDIC closed the bank even though OTS and WMI had an agreement in place to keep it open.

FDIC had to take it on a Thursday, ostensibly before the vaunted 4 billon got there.

It was the first time in history that a bank was seized on a Thursday instead of a Friday. I believe if the 4 billon got there, even FDIC couldn’t justify closing the bank.

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