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Post# of 729959
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LuckyPanda

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LuckyPanda

Re: AZCowboy post# 619848

Thursday, 04/02/2020 11:42:22 AM

Thursday, April 02, 2020 11:42:22 AM

Post# of 729959
AZ, is the FDIC using pending LIBOR settlements as an excuse for not settling class 17? If so, we might be in trouble. I doubt FDIC will lean on any bank right now for LIBOR payment -- LIBOR will probably be settled next year at the earliest.

If FDIC cannot settle class 17, then they will not close the receivership, and I'm starting to believe we will not see our class 19 and 22 markers paid out until receivership closes.

What are your thoughts on this. Are remote bk entities really free to distribute to class 19 and 22 without 17 being settled?
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