Shot gun marriage and legal challenges by WHI shareholders | BPOP Message Board Posts


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Msg  4 of 15  at  6/10/2010 9:54:17 AM  by

mlkrborn


Shot gun marriage and legal challenges by WHI shareholders

"Now the WHI shareholders are awaiting the Frank Stipes legal actions vs the Regulaters unethical /illegal action to save the Puerto Rico
banking system by taking from WHI and giving to BPOP. This action added $6 Billion
resources to the Puerto Rico Banking System. FDIC took over the obligation for $6 Billion of short term Broker Deposits that were an obligation of the banking system and invested in loans held by WHI.....then the $6 (b?) good loan assets were given to BPOP and the $6 Billion obligation
became a $6 Billion note payable to the FDIC at 2 1/2% interest due in 5 years.

This added $6 Billion immediate resources to the Puerto Rico Banking System."
source saul; yahoo WHI board


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5 Re: Shot gun marriage and legal challenges by WHI shareholders mlkrborn 0 6/10/2010 9:58:08 AM




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