Not likely. FDIC will suffer more losses as it hangs onto $3 billion of toxic CNB waste for "later disposition". If the later sale of those assets yield only 20 cents on the dollar (value held on CNB's books) then the FDIC will suffer another $2.4 billion hit which will not likley get much media attention. Very convenient for FDIC.
"BB&T agreed to buy about $22 billion of Colonial's assets. The FDIC said it will hold on to the rest - about $3 billion worth - and will try to sell them later.
The FDIC and BB&T will share losses on $15 billion of Colonial's assets. Loss-sharing deals have become common since the financial crisis struck last year, as the FDIC tries to encourage more stable banks to take over failing institutions.
****Described in the NY Times as: Bad, Bad Assets 1. The F.D.I.C. gets $3 billion in assets that BB&T did not want at all. 2. BB&T gets $7 billion of assets. 3. BB&T gets another $15 billion of assets to manage, but the F.D.I.C. will share losses on them, in ways that are not yet disclosed.
That means that of the $25 billion in assets Colonial had, only 28 percent of them were deemed by BB&T to be worth taking on without any protection. And 12 percent were deemed not worthy of being taken under any terms.****