Originally Posted by Brad Mitchell

My last two cents-

besides all of the transactional revenue let's not forget that there was very likely an average of tens of millions of float. For those of you that dont get the meaning.. the average daily balance itself on deposit produces revenue, anywhere from 1% to much more with any variety of bank interest, cds, government backed securities or bonds. I would venture to guess that after so many years in business and having so much of the support expense in third world countries that much of the day to day operational carry was easily floated by this - or at least could have been. Perhaps the Curacao bank decided to invest deposits in movies if it was his. We just wont know until there is a substanative record published; eventually. Hopefully we are all proved wrong but alas that wont lead to any mea culpa. Humility, truth and making a statement himself would have been the least we all expected. That said, smart counsel would never have let him do so and nothing said would really have changed the reality of the situation or brought upon any less volume of anger and frustration.

Brad