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Thread ID: 89481 2008-05-01 20:16:00 US Banks Hitting The Skids? SurferJoe46 (51) PC World Chat
Post ID Timestamp Content User
664758 2008-05-01 20:16:00 Here's the next failure:


" Rancho Cucamonga-based PFF Bancorp announced Wednesday evening it expects to post a loss of $159 million for the first quarter ending March 31, and has secured a $44 million loan from an unspecified bank to meet its regulatory obligations.

The recently struggling parent of PFF Bank & Trust released a statement more than 12 hours after trading of its stock was halted on the New York Stock Exchange Wednesday morning. (That's yesteray here)

PFF, the second-largest bank with Inland headquarters, has $4.3 billion in assets and 38 Southern California offices.

Trading of the banking company's stock, under the ticker symbol PFB, was halted at 9:30 a.m. Eastern time Wednesday and did not resume before the closing bell. "

:xmouth: :horrified
SurferJoe46 (51)
664759 2008-05-02 10:37:00 Wait, why are you surprised? beeswax34 (63)
664760 2008-05-03 18:03:00 Wait, why are you surprised?

Not so much SURPRISED as I am somewhat amazed at the failure(s) starting now just before a presidential race .

Most on-situ presidents, when told of a pending bank failure or even a bank shudder, will twist thumbs and find "ways" to make it not happen on their watch .

Degrading ocean fauna are somewhere on North-Western European peninsulas, methinks .
SurferJoe46 (51)
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