..........big boy issue remaining with this POS....................RECOVERIES distribution..........
.....good news, potentially, is uwbi shareholders GET ALL OF THE RECEIVER's RECOVERIES...............and the total recoveries will be HUGE.........at least $240mm, imo.....................at least, and probably will be much, much more...............................
.......we know the FDIC WILL NOT connect the failed bank's financials and the receiver's anything.............so the "subrogated liability" on the UWB BS will not be subtracted from the total recoveries...........................nice................................
...........................get the LIBOR monies, which 100% will be settled.........FDIC is playing poker with 4 aces in their hand.........................the 16-bank group is simply letting the legal processes CHOKE ITSELF and burning up the clock (the strategy I always use when somebody has me by the balls)...............................
.................tootle.................GO BIG ON LIBOR AND BRING HOME $9.50 per, please..................add that to our $4.50 per safely in the bank.........
...................ONLY PROBLEM..............that $9.50 per on the recoveries WILL BE TAXABLE ORDINARY INCOME, tagged a "dividend"............OUCH!!!!!!...........but still bring it.................................
