iPrelude. it appears to me if any monies are coming back and since the FDIC has had total control, we would not see ANY distributions until well after the bk cases are officially closed, terminated and deep-sixed forever.
This stands to reason because if there were monies to pay common shareholders then this bk case would seem to have been a fraudulent filing. Remember, in these bk cases where monies are returned, it would always be the last in line for any type of return and since the FDIC has total control it would seem they would close out the bk cases to make it appear these bk cases were legitimate and officially handled legally and correctly BEFORE ANY DISTRIBUTIONS HAPPEN.
Therefore, it seems to me that Fred may be correct considering the timing and the Libor settlement will officially play cover for any distributions just like we are waiting for in the WaMu cases. So, I expect some type of distribution around the end of March to mid-April of the year 2024.
Well, as I always say, only time passing and filings will show us the way forward.
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