the FDIC slapped East Bridgewater Savings with a rare “needs to improve” rating after evaluating the bank under the Community Reinvestment Act.
But Petrucelli and his bank occupy the other end of the spectrum in an industry that lost $26.2 billion in the fourth quarter. Even the FDIC’s own deposit insurance fund is in bad need of a boost after paying for an upswing in bank failures.
And then there’s East Bridgewater Savings.
Bad or delinquent loans?
They are doing well in this financial "crisis" because they refused to give risky loans and they are being penalized by the FDIC! This is crazy! Anyone think this is ok?
Answer by Praying at 2:02 AM on Mar. 18, 2009
crap crap crap....for got the link!
Answer by momof030404 at 11:14 PM on Mar. 17, 2009
Answer by yourspecialkid at 11:20 PM on Mar. 17, 2009
That's what we really need... the Government telling banks that they don't give out loan enough money. Our Government would know... wouldn't they?
Answer by Anonymous at 11:33 PM on Mar. 17, 2009
Answer by Anonymous at 6:44 AM on Mar. 18, 2009
Answer by mancosmomma at 10:09 AM on Mar. 18, 2009
Answer by xxhazeldovexx at 10:18 AM on Mar. 18, 2009
Answer by tnmomofive at 11:00 AM on Mar. 18, 2009
Answer by foreverb3 at 11:14 AM on Mar. 18, 2009