You do realize that the FDIC is now not on board with this proposal?
Now, why would they not be on board with getting money back as Rosen stated on 3/12?
Simple reason; they know that if this were to go through, they would face civil shareholder lawsuits, and God knows what else. It also proves they siezed a solvent bank.
I remember the last time you were negative on preferreds, we were in the 20's or so after Rosen bashed us. In fact here is your last post prior to 3/26:
That was the day we went from the 40's to the 20's, and rebounded to $27 or so. Smart money sold in the 20's?
Just 12 days later the PQs ran over $100. I personally don't consider it smart to panic sell in the 20's, and then watch the pps go to over $100 in 12 days, lol.
I feel bad for those who got shook out on 3/12, but this POR is not anything surprising at all. The panic sell was 3/12.
We actually have quite a bit to look forward to over the next several weeks and into May. Will we dip Monday? Maybe, who knows? But this story is far far from over. I think you even know that.
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