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The Charles Schwab Corporation Message Board

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  • samsonp65 samsonp65 Jul 24, 2008 12:49 PM Flag

    Schwab Bank Mortgages???

    My Schwab account is alive and well, thankyouverymuch. I just fail to see how stupid you are in denying the truth. In 2003, Schwab looked over at Etrade and saw the kind of coin their banking arm was making on writing mortgages. Schwab entered into mortgage-fray guns a'blazin not wanting to be outdone by pip-squeak Etrade. Today, Etrade is AWASH in bad mortgages, but Schwab not. Some joker on this board was arguing that Schwab had higher standards and that's why Schwab has seen such modest losses. I argue that the losses are yet to come, differences of opinion are what makes a market. So go soak your head, your ego is showing.

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    • The truth is that Schwab had almost zero losses in their mortgages. You can't hide from the truth. You can make up crap and lie, you can attack other posters but what you cannot do is hide from the truth.

      The truth is Schwab's mortgages are in A1 prime shape. The truth is that you are not a loyal Schwab customer. The truth is that Schwab isn't hiding anything. The truth is that Chuck was not forced to resign as CEO. The truth is that you are really stupid samson-or is it Sal? Until we see a ROTFLMAO one won't know the truth for sure, but based on the number of your posts, and your inane comments it is easy to see how people could believe you are Sal because he was just as stupid as you are.

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