Nicole Lapin

And many of those weren't normal loans.

They were loans against invoices.

Think of it as a payday loan for corporations.

And where it gets extra messy is that FBG was selling the same invoice or really a tranche of invoices to different lenders, which you cannot do.

The math is not going to math that way.

The result is that as much as $2.3 billion remains unaccounted for.

And when I say unaccounted for, I do really mean that they are just the corporate equivalent of the shrug emoji.

One of the parties to the bankruptcy asked, quote, first, do we really know whether FBG actually received $1.9 billion, no matter what happened to it?

Second, would you tell us how much is in the segregated accounts in respect of the factored receivables as of today?

Well, a lot of jargon there, but the lawyer for FBG responded to the email, and this is a direct quote,

Number one, we don't know.

And number two, zero dollars.

Remember James Patrick?

The founders stepped down.

So that's how it's going.

Lastly, the government is still shut down, and the longer it is, the more effects it will have.

The latest impact is in the coastal housing market to get a mortgage on a house in a flood zone.

You must have flood insurance because it is just so risky.

Most private insurance companies simply do not offer flood insurance.

If you want it, you probably have to get it from the federal government via the National Flood Insurance Program.