I just read an independent analysis on NYB from the spring of 2010. It brings up some alarming points that look at non-performing assets : to the lack of reserves. Among other points these NPAs stood out the most. You can read this analysis at valueinvestorsclub.com (you can sign up for a free 60 membership, no strings attached, just need an email address)
Just thought we should take the rosey colored glasses off for a moment. I always become skeptical of something when all I read on these message boards is bullish.