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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (11499)	9/14/1999 9:50:00 PM
From: Mr_X	Respond to of 18998

Delay? Without question. FSA review of the Crims at CSFB took 9 months. This should be quicker, but could still drag the deal out. As long as no additional shoes drop, and the Republic Bank rep who signed the bogus confirms wasn't acting on orders from the executive suite, the problem is localized, quantifiable and not a deal breaker. Every $100 mil of liability is only $1/share of value to RNB. The entire scam cost between $500mil and $1 bil, and RNB's culpability is merely a fraction of that. Armstrong and Princeton Economics are the real bad guys. I think HSBC closes this deal, with maybe a few bucks skinnying of the terms. I really wish Mr. Pink would weigh in with his opinion, but he is probably SCANning the real estate listings looking for a larger palace tonight. Mr. X