tag:blogger.com,1999:blog-319775530671726401.post7522654992490638491..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Corporate CU Legacy Plan UnveiledKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-319775530671726401.post-77454520049097033862010-09-26T09:47:58.425-04:002010-09-26T09:47:58.425-04:00Dr. Leggett,
what do you/ncua mean by "cost t...Dr. Leggett,<br />what do you/ncua mean by "cost to cu's to CONSERVATIVELY range $8.3-$10.5 BILLION". does that mean its likely going to cost more?<br />i dont understand all the numbers being thrown around by ncua.<br />they speak about $9.2Billion, BUT, if the toxic assets are $50 Billion and the market value is $25 Billion due to the CREDIT QUALITY, why arent the losses going to be alot more?<br />if the $5 Billion of MCS/PIC that was extinguished for losses is subtracted from the $50 Billion, that leaves $20 Billion in potential losses left for CU's to eventually be responsible for--right?<br />And then, isnt there some large/medium/small retail CU's that are going to fail?<br />how does the indsutry survive this?<br />if cu's dont decide to recapitalize the corporate system, what is ncua's course of action? the littler cu's still need a corporate system.<br />when can we retail cu's get some STRAIGHT ANSWERS?Anonymousnoreply@blogger.com