|
Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
|
WB discontinued lending through broker channels today and more trouble may be brewing there. They have a monstrous portfolio of Alt-A loans. I wouldn't touch this bank with a 10 foot pole, but I am just talking from a buy-and-hold perspective.
Some premium names were knee-deep in crap loans. The sewer lines are backing up. Spin the wheel and see who stinks and who doesn't.
|