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FOFreddie

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Re: Robert from yahoo bd post# 758038

Monday, 06/19/2023 11:00:25 PM

Monday, June 19, 2023 11:00:25 PM

Post# of 797320
Hi Robert,

Thats how I read it Robert - private holding company owned by Mike Kelly - he was given incentive to invest the Tier 1 capital of his holding company subsidiary banks in GSE JPS. The Conservatorship stopped dividends and therefore the FDIC would not consider the face value of the JPS as Tier 1 Capital.
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