heynow

Subprime Red Flag in Pacific Capital Bancorp's 10Q?

It sounds to me like you are grasping at straws. In Q4 2007, PCBC recognized a loss on some securities that were marked-to-market. Wouldn't that demonstrate that they recognize losses when they need to?

Pacific Capital Bancorp: Evasive Maneuvers

Did you not notice that they happened to blow away the analyst estimates in Q1 because of all the money they made in the RAL program? Maybe that is why the stock has held up.

Did you not do any research on the RAL program before you put on your short position? Sounds to me like you didn't do enough homework on this one and now you are crying about it.