Ok nobody wants to talk Ill talk. I come from a banking family and a bank can take a long time to grow like 25years to get to 1billion and thats local one geographic area. The srtucture these guys FFGO are talking about east coast west coast is big it implies 10bilion plus deposits. I know they say its just for debit cards but even if thier buying banks with subprime problems to have that kind of footprint and some caribean conection. Implies large scale stuff. Way more than 1.6 billion wounder what kind of leverage they are getting with that equity 60to 80%. Somebody shoot some holes in this.
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