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Bizreader

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Bizreader

Re: jackson227 post# 62717

Thursday, 04/02/2009 3:28:24 PM

Thursday, April 02, 2009 3:28:24 PM

Post# of 728969
Right, the FDIC is claiming based on law theory... the Congressman and the Judge will not want this to drag on as though we all need a new precedent worked out here. The claim is well stated and thorough and actually is a good map for settlement. Hopefully, out of court, the solution to this will be constructed using these very disputes. The resolution trust, or "bad bank" that maybe set up will be structured so that bank holding companies and bank corps will be more easily divisable in the future for the protection of the FDIC and us tax payers.

In the meantime, good work by FDIC but not a game changer, imho.






Your line has to be in the water to catch a big one.

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