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Synovus Financial Corporation Message Board

  • ekincheng1828 ekincheng1828 Jan 3, 2011 3:44 PM Flag

    I have to say WL, put some scare in me. If SNV Turns Out Alike SNV Screwed!

    I am not loading up on SNV like others on this board!

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    • comparing apples and oranges

      WL was bordering on fraud...they refused to write down loans because most of the loans were made to friends/cronies in DE and PA...the ultimate good ole boy network...at least with SNV's insider loans, they write them down and report them

      so WL's bad loans were significantly greater than the company had stated since they were using pre-real estate crash appraisal figures on most commercial real estate loans

      the WSJ did an expose on WL a week after the takeover...read it before you sound silly again comparing WL to SNV

 
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