Hudson City Bancorp (HCBK): Q3 EPS of $0.17 misses by $0.01. "With mortgage rates hitting...


Hudson City Bancorp (HCBK): Q3 EPS of $0.17 misses by $0.01. "With mortgage rates hitting all-time lows and reinvestment rates for mortgage securities below 3.0%, we believe balance sheet growth does not make sense in this environment." (PR)
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  • Tack
    , contributor
    Comments (16254) | Send Message
     
    This is about as succinct an indictment of ZIRP as can be stated. The Fed is successfully inhibiting growth, not stimulating it.
    26 Oct 2011, 08:18 AM Reply Like
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