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Boris the Spider

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Boris the Spider

Re: ron_66271 post# 722080

Wednesday, 01/17/2024 11:27:29 PM

Wednesday, January 17, 2024 11:27:29 PM

Post# of 729578
FDIC gets minimum 10% of Libor. So if the final group gets 100b they get a cool 10b. Not bad.
FDIC is broke and they need money desperately so I expect a quick settlement. Otherwise they have to borrow from the Fed which they dont want to do!
Funny how this may work out. The very agency that screwed Wamu may end up being our benefactor. Full circle.
Nothings guaranteed but this is sure looking interesting now.
As always IMO.
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