Just read entire writing. Main point is that BB&T under reserved bad loans by 20% in second quarter. They sold $251 million dollars worth of properties for $61 million less than reserved. Other banks doing the same. Also said that no appraisals are more than six months old now. That is a positive for me. Still think that BB&T is one of the best banks out there but that isn't saying much. Might be a couple of years before we see real improvement.
The article is neutral in tone but with a lot of facts. Rather than risk copyright issues, and that no one paragraph gives enough to supplant the value of reading the entire article, I have chosen to not copy and paste any part here.