FS, the FDIC as receiver is functionally and legally separate from the FDIC acting in its corporate role as deposit insurer...and the FDIC as a receiver has separate rights, duties, and obligations from those of the FDIC as insurer. Whether we like it or not courts have long recognized these dual and separate capacities. These laws are written with depositors in mind not shareholders.
These were the rules of the road when United became a bank...and they've only gotten stronger since Dodd-Frank became a reality.
I don't make the rules...I'm a smaller gov't is a better gov't kinda guy...but you better damn well understand them before you go all in on something like this.
Banks and the regulating thereof are highly complex.
This is my last post on this board.
Sincerely I wish you Good Luck.
Chevy
Liberalism is financed by the dividends from Conservatism. - Craig Bruce
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