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Re: AZCowboy post# 685748

Sunday, 04/17/2022 8:27:25 AM

Sunday, April 17, 2022 8:27:25 AM

Post# of 733382
YEPPERS PRETTY LAUGH OUT LOUD FO SURE.

Thanks goes out to the BP poster that gave me this this am

Let's JUST SAY HAPPY EASTER

TD Bank and the $30 billion is mentioned in the Final Report of the Examiner.

http://online.wsj.com/public/resources/documents/WM-Examiner-Report-pt1.pdf

Starting reading from PDF 59 of 206 but specifically 62 of 206

"A second “go it alone” alternative involved pursuing all of the elements of the first alternative, as well as pursuing a strategic transaction with TD Bank. WMI would sell its East Coast banking branches and deposits to TD Bank for approximately $30 billion, which would raise cash but also reduce deposit assets and borrowing capacity. However, it would contribute bank capital to WMB. In addition, TD Bank would buy $500 million of preferred stock in WMB and provide WMI with a $5 billion line of credit for eighteen months."
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