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Nervous on banks?
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<blockquote data-quote="bacha29" data-source="post: 5855530" data-attributes="member: 58386"><p>It was New York Community Bank who took over Silicon Valley Bank.</p><p>Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it.</p><p>Unfortunately as it often happens.....little people wanted to be <strong>big</strong> people and enjoy the ego boosting experience of running a <strong>big</strong> bank.....So they went on a <strong>big</strong> acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out <strong>big</strong> loans to back <strong>big</strong> New York real estate ventures that never lived up to their <strong>big</strong> expectations.</p><p></p><p>By the looks of things the truly <strong>big </strong>hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly <strong>big</strong> hurt on the <strong>big </strong>people wannabes. The result of course will be these aspiring <strong>big </strong>people will once again become little people .</p></blockquote><p></p>
[QUOTE="bacha29, post: 5855530, member: 58386"] It was New York Community Bank who took over Silicon Valley Bank. Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it. Unfortunately as it often happens.....little people wanted to be [B]big[/B] people and enjoy the ego boosting experience of running a [B]big[/B] bank.....So they went on a [B]big[/B] acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out [B]big[/B] loans to back [B]big[/B] New York real estate ventures that never lived up to their [B]big[/B] expectations. By the looks of things the truly [B]big [/B]hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly [B]big[/B] hurt on the [B]big [/B]people wannabes. The result of course will be these aspiring [B]big [/B]people[B] [/B]will once again become little people . [/QUOTE]
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