Comments on: First American Bank Shutters Broker Wholesale Program

By: mikew

mikew — Thu, 03 Jan 2008 14:35:44 +0000

I am surprised that more lenders have not announced plans to shutter or reduce capacity. I expected the year end to bring forth several more.

This appears to be a small banking company located only in greater Chicago.

If banks and lenders were planning on closing down now is the appropriate time for the actions.

By: Tom

Tom — Thu, 03 Jan 2008 04:10:41 +0000

Another one bites the dust…..

The Beat Goes On….

Pick your song…..

By: Ann

Ann — Thu, 03 Jan 2008 03:59:11 +0000

As stated for expectations of the new year..more of a repeat performance as banks return to their old ways of doing business that will bring back the domestic/foreign investors to Wall Street and will allow the credit market to move again…

For many the opportunity to make a huge amount of money in a period of time never happens..for those in the industry that it did…well…hopefully if it is your first or second time around you stuffed your cheeks like a good little squirrel and put it away…for those in the first and maybe only round who spent like Donald Trump…well..your only a true millionare when you OWN your assets not when your assets total a million and you owe $1.5…