Ok, let's hope that it is like that, although I have doubts.
I don't know when FDIC has been asked last time about their progress.
It's really confusing with a lot of different opinions and hardly no facts.
Safe harbor, LIBOR topics, not fully paid sum and so on and so on ..
Ok, understood .. ALL about Libor .. When Libor is done, then all doors will be openend. Understood right ? :-) But what about when we have end of this year and we are still waiting and waiting .. and we are still waiting in spring 2025 ? I remember users (also from other message boards) who claimed to take actions when nothing happens .. this is meanwhile also some years ago .. well .. nothing happened ... these users are still call and believe in the story .. they dream about sitting in the same boat as the hedge funds do ...
Hedge funds ? I was sitting in the same boat as J.C. Flowers .. who had big investments in Hypo Real Estate several years ago .. and which benefit did I have ? Why was J.C. Flowers wrong with his investments in Hypo Real Estate ? I don't like this argumentation from Boris who always claims that nothing can go wrong when we are sitting in the same boat as the hedge funds do .. and just because they are calm it is a good sign .. no, that's abolutely bullshit .. same as this stupid discussion with the naysayers and so on .. but alright .. let's wait till October and see if somebody has a plan then ..
Ah! again .. before I forget ... Why does this all has to be kept as a secret ? When is somebody allowed to speak about ? Where will the money come from ? From JPM!?? Oh! And how to explain this to the shareholders of JPM several years ago ?
Just my thoughts, sorry for so much text ..