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BB&T Corporation Message Board

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  • PLanigan PLanigan Aug 17, 1998 6:38 PM Flag

    Why not Riggs?

    I understand some of your concerns regarding
    interest rates and bank performance, however, the two
    aren't always directly linked, and may be so in an
    inverse way if they are.

    Most banks would actually
    benefit from a steep increase in long term rates giving
    us a stiff yield curve. Most banks can reprice their
    loans within 12 months, deposits may need to be done
    sooner, but not as high. Other costs remain somewhat
    fixied.

    As a banker, I would prefer higher longer term rates
    instead of the current climate.

    There is also a
    growing contency made up be some people whom I respect
    that feel rates might even drop from here...imagine
    that!

    If you like banks as investments, I encourage you to
    all take a look at Fannie Mae, FNM,.....a first class
    operation in every sense and a worthy investment.

 
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