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Hudson City Bancorp, Inc. Message Board

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  • catspaw33129 catspaw33129 Aug 27, 2012 11:04 AM Flag

    tangible book value at 6-30-12 was $9.08

    Legal action being considered. Click on legal action in headline news to add you name for information. Higher price will come?

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    • The serious issue is that the clown in charge of the bank did not manage interest rate risk very well. It has nothing to do with the quality of their loan portfolio as the resident idiot on this board incessantly implied.
      The huge problem were the loans HCBK took from Federal Home Loan Bank a few years back. Those loans carry a higher interest rate than what the bank can get from their own mortgages/other investments . A terrible mistake by greedy Hernance that has now come to roost. He walks away with millions I'm sure while shareholders get shafted and NJ loses one of its oldest financial institutions. Just another son of a beech executive who destroys a fine company and walsk away scot free.

10.120.00(0.00%)Oct 30 4:00 PMEDT