Alex S. Gabor

Corus Bancshares Shorts Could Be In For Trouble

Here then is the last nail in the coffin of the corrupt chicago corus banksters:

The Penny King Declares Corus Bank and Corus Bankshares Bankrupt -Insolvent
December 20, 2008 by Alex S. Gabor Alex S. Gabor Published Content: 239 Total Views: 136,178

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Corus Bancshares Shorts Could Be In For Trouble

This guy that touted Corus should be made to eat his words or at least submit a pubic apology to all the investors who got screwed by reading his article.

The Penny King article has been read a thousand times and regulators as of last week had this to say:

"Chicago-based Corus Bankshares Inc., saddled with the burden of construction loans gone bad, said it has agreed to federal banking regulators' demands that it boost its capital levels above the minimum most banks must meet.

The bank holding company once prospered as one of the nation's biggest lenders for condominium construction but has over the past 18 months been battered by the housing industry's decline.

Corus sought to bolster its capital position in November, when it applied to participate in the Treasury Department's Troubled Asset Relief Program, but the government has so far declined to allow the bank to participate.

The company's capital at year-end stood at $758 million, which under regulatory guidelines qualified Corus as "well-capitalized." But government regulators have the authority to establish higher capital requirements if they feel circumstances require such protection. "

Corus Bancshares Shorts Could Be In For Trouble

The Penny King says its banko, why are you touting it? Oops, I see, that was before they took on all those unmarketable condos in Reno, yes, yes. I see now!

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