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Post# of 749756
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rattlewatch

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rattlewatch

Re: fixedops post# 87064

Sunday, 08/16/2009 9:00:35 PM

Sunday, August 16, 2009 9:00:35 PM

Post# of 749756
Agree,the FDIC gave it all away and they should pay the most.

Even if the FDIC did seize the one bank properly, and gave fair value(which we know didn't happen here),they still messed it up.They would only have the right to take more assets from the holding company (at fair value)to satisfy the obligations of the failed bank.They took so much more that JPM had to pay the FDIC 1.9B.This money clearly belongs to the holding company,along with plenty more,imo.

gl
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