News Focus
News Focus
icon url

BetweenUnemployment

08/18/10 12:35 PM

#230602 RE: Jestiron #230527

I never said there would be no changes. The changes, however, relate to very specific types of post execution settling up of certain issues. The FDIC does not get "the right to change the P&A" as it deems fit. It has the right to do certain, limited actions as set forth in the P&A, nothing more. The original defined term, Settlement Date, indicated that it can be changed at the discretion of the FDIC. The Settlement Date can be changed...not the whole contract. Way too much is being read into this. I'm obviously in the minority view here, so, let's just wait and see how this plays out.