Corus Bankshares Inc. (fka CORSQ)

[pathan786]

Billiam_2

The concept that is not clear to me is how can both FDIC and CORS bankshares claim to have suffered losses. (and in case of CORS bankshares - the claim on resulting NOLs).

FDIC said it suffered 1.7B loss for taking over Corus bank - meaning the bank's assets were less than liability by 1.7B ?

Also by taking over Corus bank - they relieved the holding company of all assets and liabilities arising out of the bank.

Then how can CORS bankshares claim NOLs for the losses arising out of the bank?

OR Do you mean CORS bankshares losses were already REALISED losses and were in ADDITION to the FDIC losses at the day of takeover?