The Irony of Putting a Bank in Receivership

A group of investors contacted the regulators and then they contacted my lawyer. They said, we want to buy that bank. We want to take it out of receivership. We're going to operate it. But no, they wanted to leave the bank in receivership. Think about the irony of that. The customers of this bankrupt financial institution, on Monday morning, will get all their money courtesy of the US taxpayer. On the other hand, the customers of my bank have been waiting 10 months now and they haven't gotten any of their money. Again, courtesy of the government.