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Banking billionaire Gerald Ford will inject $500M into Pacific Capital (PCBC), the bank holding...

Banking billionaire Gerald Ford will inject $500M into Pacific Capital (PCBC), the bank holding company that lost $1.71/share in the first quarter and hasn't profited since Q1 2008. Shares have plunged 47% today, in the wake of record trading of put options last Friday.
Comments (5)
  • KidPlunger
    , contributor
    Comments (3) | Send Message
     
    and insider just made a ton of money on those puts!
    29 Apr 2010, 11:55 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    In a related story, the Fed just printed $500M each today to C, JPM, MS, GS for injection to their prop desks so the can break record earnings again.
    29 Apr 2010, 12:01 PM Reply Like
  • JoeChase
    , contributor
    Comments (137) | Send Message
     
    You got a source on that MarketGuy?
    29 Apr 2010, 12:12 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Joe...it's a sarcastic statement noting the irony of divergence between big banking and little banking. I like to draw situational awareness on the macro scale in a twisted satirical manner sometimes.
    29 Apr 2010, 03:02 PM Reply Like
  • elliotz
    , contributor
    Comments (251) | Send Message
     
    That is weird, I think my comment was removed!
    29 Apr 2010, 02:44 PM Reply Like
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