User 117558's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/117558/comments http://seekingalpha.com/article/158245/comments?source=feed#comment-646518 646518 Tue, 25 Aug 2009 22:16:45 -0400 http://seekingalpha.com/article/106342/comments?source=feed#comment-397655 397655

On Dec 18 12:59 PM suey5619 wrote:

> From a former employee of this New England institution - and a former
> Loan Officer - Webster is great at covering the mess - but I agree
> with the auhor that to take $400Mil of the TARP funds but to also
> say they have not "participated in Sub Prime lending" is somewhat
> of an oxymoronic statement - they aggressively pursued Equity lending
> through the branches - with low teaser rates - did 3rd position lending-
> which is very risky - I, personnaly, had 3 different managers in
> my short 2 year employment with this bank - which leads me to beleive
> that the Mortage Banking Group is in much bigger trouble then they
> wanted to let on -Jim Smith can really learn something from Jamie
> Dimon at JP Morgan on how to lead a 1st rate financial institution
> - as my mother always said - if "walks like a duck" -
> I may sound like a bitter former employee - well I guess I am. on
> some levels.....]]> Sat, 21 Feb 2009 10:01:45 -0500

On Dec 18 12:59 PM suey5619 wrote:

> From a former employee of this New England institution - and a former
> Loan Officer - Webster is great at covering the mess - but I agree
> with the auhor that to take $400Mil of the TARP funds but to also
> say they have not "participated in Sub Prime lending" is somewhat
> of an oxymoronic statement - they aggressively pursued Equity lending
> through the branches - with low teaser rates - did 3rd position lending-
> which is very risky - I, personnaly, had 3 different managers in
> my short 2 year employment with this bank - which leads me to beleive
> that the Mortage Banking Group is in much bigger trouble then they
> wanted to let on -Jim Smith can really learn something from Jamie
> Dimon at JP Morgan on how to lead a 1st rate financial institution
> - as my mother always said - if "walks like a duck" -
> I may sound like a bitter former employee - well I guess I am. on
> some levels.....]]>