Seeking Alpha

_vagrant_joe » Comments » Single Comment |

  • Two Winning Bank Stocks: U.S. Bancorp and BB&T Corp.  [View article]
    I've been a business banking customer of US Bank for a few years now. They still have problems with their internet banking, seem to consistently have trouble with wire transfers (both domestic & international), are a hit or miss as far as employees go -but their saving grace seems to be the appearance of stability during this banking mess. However, they recently took $4 Billion from the Fed under the TARP program -which indicates anything but stability. So far, I have seen no disclosure as to what sort of dilution this will cause to shareholders -or what sort of restrictions the Federal Governments additional involvement will place on their business operations. If they were as financially sound as they claim to be, they would not have a need to participate in the bailout.
    Nov 19 15:31 pm |Rating: 0 0
All Comments by _vagrant_joe »
Comments by Ticker
_vagrant_joe's
Comments Stats
6 comments
Rating: 2 (2 - 0 )