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  • sbolc69 sbolc69 Jan 21, 2011 8:39 AM Flag

    4th quarter results

    If you back out the cut in loan loss provisions, they only made $126 million. Is that a red flag? Shouldn't they be making more reoccuring income? Lower loan losses is good for the future, but what about income. I worked there three years ago, before the credit crackdown and finding bookable loans was difficult then. I can't imagine how hard it must be for lenders to find quality deals everyone agrees to booking. That is what keeps me up at night with my holdings.

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