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  • Timmothy Posey: 
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  So BBT is buying a bank that has 12% of its books as non-performing loans and also undergoing CRIMINAL investigation of accounting fraud and errors, and BBT rallies on this news?

  Aug 14 12:05 PM | Link | Reply
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  • NC Trader: 
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  I think "buying" here is a relative term. Probably paying 1/100th the value of the branch real estate. Dont expect BBT to do anything that isnt in BBT's best interest.

  Aug 14 12:13 PM | Link | Reply
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  • Anthony Alfidi: 
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  • Alfidi Capital LLC
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  • http://alfidicapitalblog.blogspot.com
  Good luck wading into Colonial's swamp, $BBT. Hope you have enough cash to settle suits brought by your shareholders when they find your due diligence inadequate.

  Aug 14 12:32 PM | Link | Reply
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  • Mad_Max_A_M...: 
  • Comments (191)
  Interesting thought! BoA also has their claws into CB to the tune of 1 Billion, complements of the U.S District court for the Southern District of Fla. Fire Sale anyone?

  Aug 14 12:40 PM | Link | Reply
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  • Mark54: 
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  Im sure they got a sweethart deal... the bigger issue here is now is that BBT is out of the distressed market. Who is going to pick up the other walking dead banks?

  Aug 14 01:17 PM | Link | Reply
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  • MN Dabbler: 
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  Buying assets on the cheap, with the federal government sharing in liabilities being assumed is never a bad deal--hence, the uptick in BBT stock price

  Aug 14 01:53 PM | Link | Reply