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Regional Banks: Toxic Loans Leading to More Toxic Problems [View article]
Frankly, it is only a matter of time before FDIC says, "Ooops, Sorry we lied!"
On Aug 15 05:59 AM 7footMoose wrote:
> While the regulators seem to feel that BB&T is a strong well
> capitalized institution and I cannot say otherwise, saddling them
> with the problems of Colonial doubles down on their exposure to the
> Florida, Georgia economy. I wonder if it would not have been wiser
> to have chosen an institution without existing exposure to this economy.
> One cannot ignore BB&T's exposure to the dying NC textile and
> furniture industries along with its existing exposure to the Georgia
> housing market.