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zeus_0100

07/22/15 10:16 AM

#429859 RE: BigBang #429858

The way I read that is the fdic determined that the purchase premium of $1.88 Billion was good enough to cover the book value of all assets of the failed bank, after subtracting the liabilities of the failed bank. The remainder of what wmb was actually worth went to pay off debts,(liabilities), which have been already documented.