novascotiaSTS
15 hours ago
The actual FDIC statement re its cost for the WMB resolution (zero):
On September 25, 2008, the Federal Deposit Insurance Corporation (โFDICโ) was appointed the Receiver (โReceiverโ) of Washington Mutual Bank ("WAMU"). The Receiver transferred substantially all WAMU's assets and liabilities to JPMorgan Chase Bank, N.A. ("JPMC") pursuant to a Purchase and Assumption Agreement dated September 25, 2008 (PDF) ("P&A Agreement"). WAMU, which was the largest failure of an insured depository institution in the history of the FDIC, had $307 billion assets, $188 billion deposits, and over 2,300 branches in fifteen states when it failed. The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund.
BBANBOB
17 hours ago
DISRO
"$87,000,000,000 compounded on a Yearly basis over the course of 17 years at a 1.95% interest rate would be worth:
$120,809,799,779
Now take into consideration that this IS JUST THE FJR rate and imho has NOTHING to do with what the DST is receiving in interest loaning this out at say 4-5%
Remember we DROPED the 5th taking part of this case and imho that was a slam sunk, so THE FDIC needed to pay so the FJR is part of their payment and I still suggest that distributions(RETURNING OUR OWN MONEY) could very easily be a TAX FREE transaction since they are REALLY ONLY GIVING US BACK WHAT IS OUR and how can they justify taxes us on the return of our own money
distrojunky
1 day ago
Compound Interest Calculator https://www.davemanuel.com//compound-interest-calculator.php
$87,000,000,000 compounded on a Yearly basis over the course of 17 years at a 1.95% interest rate would be worth:
$120,809,799,779
xoom
1 day ago
It works for me. From the same site :
$635,000,000,000 compounded on a Yearly basis over the course of 17 years at a 4% interest rate would be worth:
$1,236,916,814,678