but not the sniveling bank, it was down almost 7%. RF, STI, BBT, even MS went up today, but the sniveling one dropped. Do ya think the BIG BOYS know something you clowns don't know? Yes, I am betting the earnings will be worse than expected, imho!
They had, at one time, a boatload of loans secured by vacant residential land for development in rather remote parts of Georgia, South Carolina and Tennessee.
I suspect that they now have a boatload of OREO in rather remopte parts of Georgia, South carolina and Tennessee. This stuff will likely never sell, except maybe as farmland, and will have to be written off in its entirety at the five year anniversary of the bank taking it into OREO.