W Holding Company Inc (WHI)

[mlkrborn]

Demise of WHI with forced disposition:
"Now the WHI shareholders are awaiting the Frank Stipes legal actions vs the Regulaters unethical /illegal action to save the Puerto Rico
banking system by taking from WHI and giving to BPOP. This action added $6 Billion
resources to the Puerto Rico Banking System. FDIC took over the obligation for $6 Billion of short term Broker Deposits that were an obligation of the banking system and invested in loans held by WHI.....then the $6 good loan assets were given to BPOP and the $6 Billion obligation
became a $6 Billion note payable to the FDIC at 2 1/2% interest due in 5 years.

This added $6 Billion immediate resources to the Puerto Rico Banking System"
source: Saul; Yahoo WHI board!