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  • alhause alhause Dec 31, 2010 1:00 PM Flag

    Please explain

    That is also my understanding. BBT bought selected assets (loans) and liabilities (deposits)as well as a nice Branch network, but not the stock of Colonial. As a result, BBT did not assume financial, leagal, etc. responsibility of the corporation (Colonial). The Fed. took many of Colonial's "bad" assets.

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