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Re: errett post# 23959

Monday, 06/28/2010 10:45:36 AM

Monday, June 28, 2010 10:45:36 AM

Post# of 42873
errett, Fin Reg WAMU BK Clause.. Anti FDIC Crime Inc..

http://msnbcmedia.msn.com/i/CNBC/Sections/News_And_Analysis/_News/__EDIT%20Englewood%20Cliffs/BaseText.pdf

Sec 203

Page 141

FDIC Receivership Time limit: 3yrs
FDIC can ask for one 1 yr. Extension: Max 4yrs.

Page 155

FDIC Receiver must file a report within 60 days on the financial condition of the covered financial company as of the date of the appointment, including a description of its assets and liabilities.

Page 156
FDIC Receiver must file a report within 60 days on the conflicts of interest of all retained professionals that assisted the FDIC receiver.

Page 157

GAO has the authority to audit the FDIC reports to congress.

GO WAMU..

DrR..


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