United Western Bancorp Inc (fka UWBKQ)

[fredscott36]

...what if seizure was illegal...????...

...hypothetically, of course, but if the OTS did the dirty on UWBK for some improper purpose............................again, IF.............the court could award compensatory and possible punitive damages to UWBK shareholders.................this could be anywhere from $500-million to $1-billion....................

...if the FDIC had seized UWBK, it would have supplied the court with mountains of support documentation and eagerly offered anything UWBK requested............................but the amateurish OTS SEIZED the bank knowing the OTS was being merged into the OCC in July 2011

http://www.bankinvestmentconsultant.com/news/ots-occ-merger-2669133-1.html?zkPrintable=true)

and believing UWBK was too weak to legally challenge the SEIZURE......

...all of this is IMO, but the OTS has not offered any detail on why it accelerated the time-frame for the CRP........and now only explains some vague nonsense about institutional deposits and non-agency mortgages............the court's decision could be monumental, and an appeal would require a cash bond of the judgement amount...................bottom line, IMO, UWBK settles with the OCC very soon.................................