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New York Community Bancorp Inc. Message Board

  • thewwhollshhabbbanbbng thewwhollshhabbbanbbng May 9, 2012 9:53 PM Flag

    Roslyn Savings Bank

    As an accountant and having resided in Queens, NY and Nassau County (Long Island) all my life; having numerous clientele through the years residing in the 5 boroughs of NYC and Long Island; having a large percentage of my clientele having mortgages with the Roslyn Savings Bank;
    having a substantial amount of my clientele having trouble making ends meet and falling behind in their mortgage payments; having seen the values of homes in the NYC metro/Long Island area plummet in value over the last few years; having said all that, knowing that the Roslyn Savings Bank division comprises a rather large percentage of NYB's total assets; it is extremely difficult for this writer to believe, contrary to what the rheteric NYB might lead one to believe, that NYB as a whole does not have substantial exposure to the real estate meltdown and the
    huge writeoffs incurred by other banking institutions. There is an old saying, if it is too good to be true, it usually isn't true. With the banks paying next to nothing on CD's and deposits and with all the day to day risks of the stock market; everyone including myself should back up the truck and load up on NYB stock; a true no brainer, correct? Unless of course there is more to the NYB story than we are led to believe. Lets not forget even the K Marts and General Motors of the worls were also paying nice cash dividends before the curtains were closed on them. Do your due diligence ladies and gents.

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