Cowboy: one other point about them being undercapitalized. They were by 20 bps and that was a direct result of the investment impairment the OTS forced them to record. That's also discussed in the the Motion for SJ so I guess you need to go back and re-read some things.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.