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Bank of Marin Bancorp Message Board

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  • pvbud pvbud Aug 22, 2005 12:10 PM Flag

    ethnic bank drama

    Because of inadequate reserves, and other reasons all of which are not unique, WSB dropped about 41 percent in market value, quickly, a few months past.

    Now it is (was) subject to a Government investigation about loans made in minority populated areas allegedly because of personal connections between officers of the bank and clients.

    Fact or fiction, even the perception of this type of activity can be financially fatal to investors.

    Much can be learned about Past Due and Non-Accrual assets by researching:

    www.fdic.gov/quicklinks/analysts.htlm

    Good wishes to all.

    pvbud

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    • Thanks PV,
      that is very true and a good reference for
      all.
      pin

    • pvbud,

      Thanks for the link. I took a look at some of the demographic data on that sight and found a wealth of information. This will be a great help in researching new areas. Wish I would have known about this site earlier.

      This is why this board is the best out here. Good luck to all.

      sw

      • 1 Reply to squidword33060
      • Squid, you're welcome. I remind myself, though, that every great fraud involves improper number reporting. It did with W. B. Foshay's utility companies and some banks during the 1920's and big time with Nortel, Enron and Worldcom more recently. So, I don't always trust reported numbers. However, as you point out , it's a place to start research.

        Some investors are anxious to hop onto new issues. Usually, I'm not so inclined. Most busineses fail during their first five years of existence, so I determine than any gains not acquired during that period are simply the premiums paid for loss prevention.

        Good wishes for profitable investing.

        PVBud

 
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