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Re: RajuSondh post# 631802

Thursday, 08/20/2020 12:21:38 PM

Thursday, August 20, 2020 12:21:38 PM

Post# of 749756
Raj, can you please post that FDIC email here for reference? This is a big confirmation of what CBA09 postulated back in 2017 before he left the board. According to CBA09 there are two possible release mechanism for the remote bk assets....one of which he described as "all true ups" condition -- which requires the FDIC receivership to close.

If FDIC stated that our markers will be around until they close. This is a big confirmation of the "all true ups" release condition that CBA09 postulated.

Now we just need FDIC to shut the receivership down before year end...hopefully. I think taxes can only go up after the pandemic settles. California is already going nuts proposing 18% income tax rate and 0.4% wealth tax on top of that.

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