re: First NBC Bank Fraud Trial Wrapping Up - Predictions? RYAN GUILTY ON ALL, BEEBE NOT GUILTY

quote:

---

In fact, the loans were so terrible that the FDIC could not sell a lot of them, or took a massive loss when they did sell them.

---

That's their job, to take the loss.

quote:

---

There are shareholders that would take great umbrage to your “nobody got hurt” comment.

---

I beg to differ. They had qualified losses during a gain time. Ryan did them favors.

quote:

---

He upset Wall Street by showing income related to tax credits / deferred tax assets that FNBC would never have been able to utilize, and then having to take a huge loss because of that.

He upset the banking regulators by using those same credits/assets on the balance sheet, to the point where the feds changed the laws regarding how those impact liquidity.

---

It's why they acquired Dryades Savings Bank. Dryades was a community development bank that could get those credits.

quote:

---

He upset the FDIC by having the bank blow up at a time when the economy was in prety good shape. In fact, the loans were so terrible that the FDIC could not sell a lot of them, or took a massive loss when they did sell them.

---

They also acquired Central Progressive Bank sometime in 2012. CPB was on the FDIC's shite list for a while. Funny enough what put Dickie Blossman in jail was far less that what Ryan was convicted of.

quote:

---

He upset the feds by, when they tried to pressure him into resigning before the bank blew up, by basically telling the feds to go F themselves.

If this blows up in 08/09, nothing happens, but this happened at a time when the feds were bored.

Ryan made bad loans to bad people, who ultimately sold him out. Unfortunately, he also was friends with / in business with those bad people.

The hell of it is... First NBC was basically a model child for the Community Reinvestment Act. He made risky loans to risky people, and it burned down.

---

Yeah they are. Another bank that tried to get out of Terrytown couldn't because the FDIC said it was an underserved market. FNBC happily bought the branch.