tag:blogger.com,1999:blog-319775530671726401.post4883468771133407248..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: $5.1 Billion Owed to TreasuryKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-319775530671726401.post-10994496745771069662012-11-14T20:41:59.576-05:002012-11-14T20:41:59.576-05:00How can that be true?
It doesn't work!
If we o...How can that be true?<br />It doesn't work!<br />If we owe treasury 5 billion and there is a market value on the legacy assets that is 12 billion less than book value, that's assessments of perhaps as much as 17 billion....ASSUMING the credit mark doesn't get worse!<br />Keith, what are we missing?<br />Maybe Issa can look into this too?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-69622934960190034902012-11-14T08:40:23.311-05:002012-11-14T08:40:23.311-05:00This is what NCUA is saying on its Corporate CU Re...This is what NCUA is saying on its Corporate CU Resolution page. Projected resolution cost is between $6 bilion and $8.9 billion. Credit unions have already paid $4.1 billion in assessments. Remaining assessments are between $1.9 billion and $4.8 billion. <br /><br />Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-45168570841028237162012-11-14T08:11:20.537-05:002012-11-14T08:11:20.537-05:00Guess my math skills need upgrading!
Your earlier ...Guess my math skills need upgrading!<br />Your earlier blog says the potential assessments SHRINK to a range of $6-$9 billion.<br />BUT, this says we owe treasury $5 billion.<br />Are we to assume that the market value of the Legacy Assets in the TCCUSF (-$12 billion, yes that MINUS 12 BILLION) is not our responsibility?<br />If not our's than who?<br />Taxpayers?<br />Keith can you clear up?<br />Anonymousnoreply@blogger.com