This is EXACTLY the reason that BS has, more than likely, been completely directing the ship toward our current appeals status. BS has the experience dealing with the FDIC and Washington D.C. politics and as a result, knows how to position itself for a maximum payout and nothing less.
As for the FDIC working behind our back with the BK estate... The question that I have is this: Whom has jurisdiction of the BK estate? The FDIC? First Citizens?
If I'm the FDIC, I'm thinking that we made a mistake when we allowed FC to "acquire CERTAIN assets and liabilities of United" rather than the entire estate. Why did the FDIC broker (I use that term lightly) the acquisition of CERTAIN assets/liabilities and not ALL?
Now, if I'm BS, I'm attacking this loophole as well... HARD!
VC
