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BB&T Corporation Message Board

  • harlanharp harlanharp Mar 18, 2013 2:24 PM Flag

    Important:

     

    I can't post a link.
    However, I am certain that Fitch has claimed that BBT's capital was not a question in the Fed
    rejection of their application for capital distribution. It was on MarketWire. We have it on our brokerage account, but it was not on the Marketwire given for free by Yahoo.
    Please confirm that I am telling you the truth.

    Sentiment: Strong Buy

    This topic is deleted.
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    • Harlem Herpes, are you trying to convince these people you know "squat" about bank stocks? What a laughing stock you are.

      People, this clown has made a fool of himself on the WFC mb, take his advice at your own risk,

    • "Please keep selling"

      You may get your wish. First quarter earnings are not going to be too exciting assuming no accounting tricks. I think you should seriously consider how this bank accounted for reos over the last several years. They took marks via the valuation adjustment totaling around $2 billion. I lost track of the marks on their reos but would not be surprised if it were 80/90%. This bank conceivably could have many hundreds of millions of dollars of prime adc properties carried on the books for pennies on the dollars. Wish I could quantify this area but the transparency has been very fuzzy at best.

      Bbt flunked the capital plan likely on qualitative grounds. It was not due to capital levels. The pillars of this bank were built on integrity, honesty, trust. I believe the Fed has some serious questions - not only about the accounting of reos but other areas.

      The bank has a responsibility to its stakeholders to come clean after they first receive authorization from the Fed. Flunking the Fed capital plan is a very serious subject. The bonuses paid to upper management should be clawed back.

      Board of Directors urgently needs to fulfill its responsibilities and satisfy the concerns of all investors.

 
BBT
36.14+0.07(+0.19%)Oct 22 4:01 PMEDT

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