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BB&T Corporation Message Board

  • normlasky normlasky Feb 14, 2009 7:56 AM Flag

    Peter Eavis, Columinist for WSJ

    Per FDIC statistics, bbt commercial real estate loans are 2 times higher than the average fdic insured bank.

    So Peter Eavis, Wall Street Expert amd kissing cousin to Karen Finerman (see below) concludes that bbt may be forced to take major write-downs as Tim Geithner's new stress test are likely to expose bbt perceived "manipulative accounting".

    Of course, Eavis fails to recognize that about 60% of cre loans are incoming producing properties with miniscule loan losses. Obviously not important.

    And even more importantly, bbt 12/31/08 loan loss reserve for home builders ($614 million) exceeds all noncurrent home builder loans.

    Plus, I suppose it does not matter that all 3300 home builders which make up bbt single family residenital adc portfolio have personally guaranteed their loans and it's likely that their net worth in aggregate exceeds the principal balance.

    Fear makes news and Eavis deserves an award for disseminating false information.

    02/12/09Video: Heard on the Street: Treasury's Stress Test
    Heard on the Street columnist Peter Eavis explains to Simon Constable why the Treasury's new stress test will likely lead to even more banking write-downs. Plus why U.S. Bancorp and BB&T could feel more pain than the average.WSJ Video

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