I'm thinking BBT does run a tight ship--Mr. King seems to be on top of everything.
What is more "scarey" to me is that the "regulators" are always one step behind---never one step ahead. I had always thought that Ms. Baer at the FDIC was a great manager--but this recent 2 billion hic-up makes me wonder!
I think the Fed has been buying stock the last few days----one day the Home Builders go up; the Banks go down---the next day it's just the opposite!
It's not only banks who are gambling but insurance companies. Prudential (PRU) lost almost $3 billion in playing with Japanese Yen. The stock went from it's high of 61 to under 50 in a little over one week. I don't know if anyone saw it coming.
Oh, and yoo hoo! With the fed`s zero interest rate policy, banks and insurance companies HAVE to gamble to make money. Just like retail investors. At my age, I`d rather be in bonds, CDs and MMs, but they pay nothing so I have to be in stocks. I`m sure PRU would rather have been in bonds than yen, but they can`t get any income on bonds unless they buy "B" and CCC junk.
I thought you were gun-ho on the banks...now your running scared...do you still think weve going to dow 5000...just make it a double...and stop preaching your real-time trades...camel doo is no good for you !!!