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Sunday, 03/11/2012 10:58:51 PM

Sunday, March 11, 2012 10:58:51 PM

Post# of 3734
Hey someone give this to Dallas on yahoo:

"The additional allowance associated with these loans was $1 million, compared to the allowance previously measured as part of a homogeneous pool of loans. At December 31, 2011, the allowance for credit losses associated with these loan balances was $3 million."

OUT OF THE 9 MILLION THEY ARE WRITING OFF 3 MILLION AS OF DEC 31,2011. GOING FORWARD THEY HAVE AN ALLOWANCE OF ANOTHER MILLION THAT THEY ANTICIPATE THAT THEY WILL NOW COLLECT. SO BETWEEN YEARS 2011 AND 2012 COMERICA WILL RESTRUCTURE 5 OF THE 9 MILLION. NOW THE LINE OF CREDIT IS MAXED AT 11 SO THEY COMERICA WILL PROLLY LET KADR IN THE UPCOMING YEAR ACCESS A LINE OF CREDIT AT AROUND 7 MILLION.

COMERICA COULD ALSO BE RECEIVING SOME EQUITY AS PART OF THIS RESTRUCTURE. DO YOUR DD. JUST GOOGLE IT. THERE IS TONS ON INFO.

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