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  • wolfinwilderness wolfinwilderness Dec 19, 2010 5:48 PM Flag

    Orderly divesture means

    a quiet dismantling of this company of associated banks under the hidden aegis of FDIC--that is what I see. What this means for shareholders is they would see a zero value in the end of the process sometime next yedar--the last action of divesture could be a simultaneous closing (acquisition) of last group of few banks that remain, in the overt order of FDIC--that is what I predict.

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    • I think your theory makes a lot of sense.

      With many associated banks over large geographic area, this is not the typical problem bank that FDIC deals with. This piecemeal approach will help reduce total loss to FDIC but in the end shareholders will have nothing.

      No investor will bring in capital because every time a bank is sold the percentage of problem loans and and REO increases.

      CBC will continue to die a slow death.