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BB&T Corporation Message Board

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  • c1smittycc c1smittycc Jul 20, 2011 12:51 AM Flag

    BUY OVER 25.80

    FDIC I believe back the loans at that time not all the mortgages. As time went by more mortgages went under water. Honestly, I got out of the banking stocks after CNB collapsed, I believed it was a gov rigged deal like countrywide with BAC. BBT leadership saw the depositors money and the foot traffic but did not recognize that many of those loans were at best marginal. Overall many other reasons with the banks. BAC CEO stated BAC owned 13.94 million mortgages, 6.4million had foreclosure issues which he said he would address over the next 36 months. Another report I read stated that there were 5 million homeowners in the country that had NOT made a mortgage payment in 60 months. Those are large numbers and indicate the banks are a long way from growth as far as stock price. Currently Obama is twisting arms to hold off on foreclosures till after 2012 election. Regardless of media statements the bank leadership and Obama administrations relationship is frosty. If the 5 large banks which hold 52% of the nations mortgages are reflected by BAC CEO statement of 6.4million foreclosures pending, I would say the regional banks have the same issues. I think bbt will survive, but the banks stocks are not where the money is. glta

37.72+0.44(+1.18%)Sep 30 4:02 PMEDT