Originally Posted by pig4bill
They may have been technically insolvent, but they weren't practically insolvent. The Feds seized millions from FT's affiliated banks. Had they not done that, the 2 grand would have been paid out.
What's the difference? If you technically can't access funds that's still insolvent. This distinction is retarded, and it's the excuse every overleveraged institution gives as they get blamed for being insolvent. "Just you wait; these trades will make money" is no different from the FTP excuse, except that FTP was also breaking the law by a conventional definition (and apparently inducing a bank to break the law via money laundering in the post 9/11 world--lol--if only you guys knew how insane scrutiny around anti-money laundering compliance is in a bank).
Re: reunion. I went to my 10 year and it was interesting. 20 year, if it happens, is next year and I might go. I keep in touch with one person from HS and even that is sporadic. But it was definitely entertaining to have my curiosity satisfied but I'm not on Facebook so I'm totally I'm the dark wrt to everyone in my hometown.