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Cypress Semiconductor Corporation Message Board

  • craig_buck_smith_is_back craig_buck_smith_is_back May 29, 2010 12:30 PM Flag

    It Is Not Main Street USA Buying Stocks.

    Hey CY dummies.

    It's not Main Street America that is holding the Stock Market together; nor is it the Banks in the USA!

    It IS the US TREASURY and THE FEDERAL RESERVE!!! ROFLMFAO.

    The Economy is in WORSE SHAPE EVER with EVERY PASSING DAY!

    Read this and weep!!!

    Bank of Florida’s Lenders Closed as Bank Failures Climb to 78
    Share Business ExchangeTwitterFacebook| Email | Print | A A A By Dakin Campbell

    May 28 (Bloomberg) -- Bank of Florida Corp.’s three lenders were closed by regulators today who sold about $1.2 billion in deposits to EverBank Financial Corp., the closely held firm that specializes in online banking, as the latest round of bank failures sent the 2010 toll to 78.

    EverBank purchased the three banks from the Federal Deposit Insurance Corp., which was named receiver, according to statements on the agency’s website. Lenders in California and Nevada were also closed, with City National Corp. buying Las Vegas-based Sun West Bank. The failures cost the FDIC’s deposit- insurance fund $317 million.

    “We look forward to welcoming our new customers on Tuesday morning when the former Bank of Florida locations open as branches of EverBank,” Chief Executive Officer Rob Clements said in a statement. The acquisition will allow EverBank to move into wealth management and private banking, the company said.

    U.S. banks are collapsing amid losses on residential and commercial real estate loans, and the FDIC’s list of “problem” lenders is the longest since 1992. FDIC Chairman Sheila Bair said this month the agency’s confidential list of “problem” banks grew to 775 banks in the first quarter.

    EverBank, based in Jacksonville, Florida, will hold about $11.5 billion in assets after the pickup, according to the company’s statement. The bank had $7.4 billion in deposits at the end of the first quarter.

    ‘Prompt Corrective Action’

    The three lenders run by Bank of Florida all received “prompt corrective action” notices from the FDIC in March requiring them to raise capital within 30 days. The parent company was looking to sell shares and raise capital, and reported a revised first-quarter loss of $48.2 million this month, according to a statement.

    Los Angeles-based City National paid a premium of 0.67 percent to the FDIC to assume the $353.9 million in deposits at Sun West Bank.

    Chico, California-based Tri Counties Bank bought the assets and deposits of Granite Community Bank N.A., of Granite Bay, California, which was closed by the Office of the Comptroller of the Currency. Granite’s branches will reopen June 1 as part of the 58-branch network of Tri Counties, according to a company statement.

    Thirteen banks in Florida, six in California and two in Nevada have now been closed by regulators since the beginning of the year, the FDIC said.

    Your Mayor-from the Village of Idiots! BBM/bbm alias CBS/cbs

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Buckerleroo,

      If you bought CY at 9/10 and sold in the 40's, why are you so strangely amusing weirdly negative on CY. You supposedly quadrupled your money? Why are you so negative?????? Why?

      CB

    • cornboy said:

      "......I've got some serious money in this company, and coincidentally, I got in around $9 bucks. Sure it could go back to 3, but not for long."

      Serious Money??? ROFLMFAO! Could you be more explicit??? Serious money to Mr. Warren Buffett is billions of dollars; Serious money to Bernie Madoff is "stealing anything he could get his hands on!" Serious money to the US Congress is however much the Treasury can print to bail out their rich buddies---TRILLIONS!

      ROFLMFAO!

      CY is no different than Enron---the higher ups could walk out the door with your money; just like a lot of other companys can!

      Tears in my eyes-YES!!!! From ROFLMFAO!

      Your Mayor-CBS/cbs

    • Buckerleroo,
      I just happen to keep my pencils in a tin cup.

      If you bought CY at 9/10 and sold in the 40's, why are you so strangely amusing weirdly negative on CY. You supposedly quadrupled your money? Why are you so negative?????? Why?

      You probably invested $300, and it turned in to $1200. Who Ho!!

      I can tell you one thing, and I really don't give 2cents if you don't believe me......I've got some serious money in this company, and coincidentally, I got in around $9 bucks. Sure it could go back to 3, but not for long.
      This mid cap company is a powerhouse, and will be a major player in this latest tech cycle.

      You will probably babble on about the internet bubble of 2000...........Get over it!

    • YEA - We have heard it all before ! Mean while you lost a 100% run up in CY. I love a guy who answers a question with a question.
      Hey you may be right but you missed a hell of run.
      Now this is where you say I have been invested and went short a few weeks ago. Oh I forgot you were bad mouthing way before the market took it's run up.

    • Where were you when I posted over and over again the demise of the Housing Sector and a BIG; BIG Bust coming??

      I also predicted new lows from March 2009 by the end of 2009---that did not happen YET! It will happen!!!

      It takes a lot of dumb-ass Politicians to distribute 3 trillon dollars for pussy; perks; bailing out the wealthy!!!

      I would say I am the greatest prognosticator that has ever been on this or any other Board. Where is your record bat brain???

      ROFLMFAO!

      The Mayor-from the Pink Flamingo drinking Absolut and investing in condom companies!

      CBS/cbs

    • I suggest you review some of your posts when CY was at 7,8,9
      and you were singing the same bull shit ! Give it a rest !
      You will be no where to be found when CY heads up. Just as you weren't the last number of times you called for the demise.

    • Yeah-ROFLMFAO!

      BBM/bbm

    • Hey CY dummies.

      It's not Main Street America that is holding the Stock Market together; nor is it the Banks in the USA!

      It IS the US TREASURY and THE FEDERAL RESERVE!!! ROFLMFAO.

      The Economy is in WORSE SHAPE EVER with EVERY PASSING DAY!

      Read this and weep!!!

      Bank of Florida’s Lenders Closed as Bank Failures Climb to 78
      Share Business ExchangeTwitterFacebook| Email | Print | A A A By Dakin Campbell

      May 28 (Bloomberg) -- Bank of Florida Corp.’s three lenders were closed by regulators today who sold about $1.2 billion in deposits to EverBank Financial Corp., the closely held firm that specializes in online banking, as the latest round of bank failures sent the 2010 toll to 78.

      EverBank purchased the three banks from the Federal Deposit Insurance Corp., which was named receiver, according to statements on the agency’s website. Lenders in California and Nevada were also closed, with City National Corp. buying Las Vegas-based Sun West Bank. The failures cost the FDIC’s deposit- insurance fund $317 million.

      “We look forward to welcoming our new customers on Tuesday morning when the former Bank of Florida locations open as branches of EverBank,” Chief Executive Officer Rob Clements said in a statement. The acquisition will allow EverBank to move into wealth management and private banking, the company said.

      U.S. banks are collapsing amid losses on residential and commercial real estate loans, and the FDIC’s list of “problem” lenders is the longest since 1992. FDIC Chairman Sheila Bair said this month the agency’s confidential list of “problem” banks grew to 775 banks in the first quarter.

      EverBank, based in Jacksonville, Florida, will hold about $11.5 billion in assets after the pickup, according to the company’s statement. The bank had $7.4 billion in deposits at the end of the first quarter.

      ‘Prompt Corrective Action’

      The three lenders run by Bank of Florida all received “prompt corrective action” notices from the FDIC in March requiring them to raise capital within 30 days. The parent company was looking to sell shares and raise capital, and reported a revised first-quarter loss of $48.2 million this month, according to a statement.

      Los Angeles-based City National paid a premium of 0.67 percent to the FDIC to assume the $353.9 million in deposits at Sun West Bank.

      Chico, California-based Tri Counties Bank bought the assets and deposits of Granite Community Bank N.A., of Granite Bay, California, which was closed by the Office of the Comptroller of the Currency. Granite’s branches will reopen June 1 as part of the 58-branch network of Tri Counties, according to a company statement.

      Thirteen banks in Florida, six in California and two in Nevada have now been closed by regulators since the beginning of the year, the FDIC said.

      Your Mayor-from the Village of Idiots! BBM/bbm alias CBS/cbs Rating :
      (No ratings)Rate it:
      craig_buck_...
      THE PEOPLE SHOULD AT LEAST SPEND AS MUCH ON AN INDEPENDEND COUNCIL TO INVESTIGATE BOTH THE BUSH AND OBAMA ADMINISTRATION ,AS THEY DID ON THE CLINTON/MONICA LOVE AFFAIR.
      INVESTIGATE AND BRING THE TRUTH OUT ABOUT WHICH OF THE 2 MAJOR POLITICAL PARTIES CAUSED THE USA TO BE THE LARGEST DEBTOR NATION ON EARTH AND WHICH PARTY INJURED THE CONSTITUTION AND OUR NATION !!

    • There are over 8000 banks, and you ramble on about a half dozen.

      I am a CY investor because of their growth prospects and they are one of the leaders in the touch screen market and they have an incredible product in their environmental division.

      You keep rambling on about CY at 58 then back to 3

      What do you invest in?

 
CY
10.13+0.11(+1.10%)Apr 24 4:00 PMEDT

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