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Thursday, January 11, 2024 2:23:55 PM
So other than those few millions, the FDIC will get 10% and Wamu estate gets around 90%, maybe a bit less.
So on Libor, we ride the coattails of the FDIC. They will get as a big a pot as possible because they desperately need funds. They are corrupt and spend their money like drunken sailors. I have inside info on how f'd up that agency is. They are on the verge of asking the FED for money, so they need this Libor money badly.
The stars are aligning. Plus the Susman firm is involved. Don't downplay the significance of their involvement at this crucial time! The success of the escrow payout is Steve's legacy and his colleagues want it to happen and will work hard on our behalf.
Nothing is guaranteed. I used to be 50-50 on us every seeing any payment. Now I am 90-10.
On an aside, I encourage all to use the ignore feature on this board. It has made the board awesome for me. I've weeded out the bad seeds and it's enjoyable here now.
2024: The year of the escrows.
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