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  • The Option Arm Triplets: Dead Banks Walking [View article]
    How is it that FED stock has shot up 400% from its low of $3.99. The shorts must be getting out.

    While no denying that FED has a lot of problem with non-performing loans and will take big write downs in book value, I think the bank will survive given that most of the loans were to people with high FICO scores and average loan to value of 70% at origination. Even accounting for 20 - 30% declines in home value from peak not everyone walks away from their home.
    Aug 31 19:08 pm |Rating: 0 0 |Link to Comment
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