......OUR - OUR LIBOR/sterling suit is a complicated mess................but pits the FDIC versus UBS...................on the basics of the LIBOR scandal......the suits started in 2012 and there have been many, many cases......nearly all setlled..............a lot of USA banks were involved on both sides of the scandal................
..........BOTTOM LINE............TWO BEHEMOTH ENTITIES in a legal WAR............DDDDDEEEEEEEEEEEEEEEEEPPPPPPPP pockets...........the defendant has over $210-billion in idle cash on its balance sheet, TODAY..............will have more as it NETS....a few billion EACH MONTH, in cash..............
..........hard to predict, what will happen if we haven't settled, up front.............pre release of the cross appeals decisions (TODAY??)................
.....I would advise UBS to fight to the bitter end...........let the FDIC play legal games and use the Deutsche Bank smoking guns to drive up the DRAMA.........this case could go on for years.......at least 2 and then get appealed for another year.............EASILY....................
.................FDIC will fight.............they almost have to fight for awhile................WE COULD REALLY, REALLY CASH IN BIG OFF OF THIS.........or waste another couple of years and get super low-balled in the end...........................aimho.....................
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