...IF....IF.....I were advising UBS, the lead defendant on LIBOR/sterling/sonterra......I would say continue to do....nothing.....pay off the city of Baltimore and refuse to even communicate with the FDIC......even give all the law firms involved strict directives......."freeze up" in legal parlance.....drag your feet and get clarifications on any postings, get extensions, more extensions...........challenge everything, but passively...................
...the jury case in a federal court in an older, run down urban area takes a year to even get a trial started..................with LIBOR, there are mountains upon mountains of legal files and related cases...................in just the 5-year period in question, some say just 3 years.............2005 to 2008, and maybe a tad longer......might have impacted $3-----trillies of affected debt instruments, and the big numbers were munipal entities, ???....................whatever.........
.....REALITY...............full litigation of sonterra vs barclays, etc....................3+ years of endless nonsense.................PAINFUL, I KNOW...................
....WE - WE / Guy could reach a deal with the FDIC and close out UWBI................early and soon.............could.....but the FDIC has to agree to close and then a dollar amount has to be established...........the FDIC won't use any LIBOR and will low-ball the F/ out of us.................might say "none" or no more than the $4 per or about $116-120mm that we have in the till..........plus the holdco $5 per, earning interest.................
.......so, QUESTION.........$9 per, TODAY and we move on or roll the dice and await the final closure of the UWB RECEIVER...?....I VOTE STAY AND FIGHT TO THE END......regardless and no matter how long.......5 years even works for me, money or not......
