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The Company is a savings and loan holding company. Its business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB, a federally chartered stock savings bank.
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CAPSnGAIN (96.23) Submitted: 4/14/08 3:37 PM : Start Price: $6.40 FBC Score: 11.02
With home prices dropping as much as they have, CEOs becoming more pessimistic and potentially putting the brakes on investments, and job losses starting to grow, I expect the "sub-prime" mess at some point to become more of a "prime" mess, as sub-prime gets written down to realistic levels. Just my opinion.
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