This bank has been creamed over the past year (and even days) but is taking steps to eliminate some of its riskier investments and to reprice others and focus on its core business. It will take some time to recover but should beat the market easily… More
The company has to fess up their bad paper if any. And as Fannie Mae and Freddie Mac, who had minimal exposure to subprine, the problem is prime too. They already have anegative numbers coming ing. They made 1.17EPS last year partly because they were… More