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BB&T Corporation Message Board

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  • nobankersplease nobankersplease Jan 5, 2008 8:03 PM Flag

    It's the real estate...

    You are right. BB&T does participate in speculative deals, just like the one that hit the papers in NC some months back about that big ponzi scheme they got caught lending money to....so much for having a rock solid credit dept!. They are also involved in other green fields development etc. and hold billions in residential and commercial re loans on the balance sheet. Just because they may not be "classified" as sub-prime or alt-a by the Ratigns Agencies does not mean that BB&T is immune to the negative effects a recession causes to re owners. Just think of all the middle class retail borrowers that BB&T caters to. All of these borrowers, just like everyone else in the U.S. is overextened and may even have 2nd mortgages. Recessions are built on demand imbalances and there is going to be a lot of presure for existing borrowers and commericial development deals that are not yet stabilized. There is something yet to happen here, I haven't figured it out, but in 2008 we are going to se some unforeseen bad news - - the market has already told us that by the fact it continues to drive this thing into the can. Just remember, this stock was about $20 maybe 15+/- years ago. (And if it goes back to that level, then I can buy and in 15 yrs expect nothing but a good dividend - then I can become and elderly jackass poster/pumper on this Board just like all the a** clowns herein)

 
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