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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (209352)	7/6/2009 11:44:43 AM
From: Perspective	Read Replies (2) \| Respond to of 306849

Found this fascinating about bank failures: calculatedriskblog.com Timeline looks like: 1. heads-up to potential acquirers at T minus 1 month 2. due diligence T-9 and T-8 calendar days (Wed-Thu) 3. bid formation T-7 through T-4 days (Fri-Mon) 4. bid submitted T-3 days 5. negotiation T-2 day (Wed) 6. acceptance T-1 day (Thu) 7. FDIC closure T-0 (Fri) No wonder the FDIC has to give things away at fire sale prices. What would you bid for assets off a demonstrably toxic balance sheet given this timeline? Also helps explain why they have yet to pull the plug on so many obviously failed institutions. `BC