2009-03-18 — foxnews.com
... rather than reward Petrucelli's tactics, the FDIC recently criticized his bank for not lending enough, slapping it with a "needs to improve" rating under the Community Reinvestment Act, the Journal reported.
...
East Bridgewater Savings ended 2008 with $135 million in assets, deposits of $84 million, $87,000 in profit, and a Tier 1 risk-based capital ratio of 31.6 percent — more than three times higher than many community banks in Massachusetts, the Journal reported.
Wow. Banking regulation in action. This reminds me of another public institution -- the schools, and my old days of getting "N's" in grammar school in areas the state deemed displeasing to its sensibilities. It stood for "needs improvement".
Of course, as with East Bridgewater Savings, this had more to do with my dislike at conforming to mediocrity. I can relate, Mr. Petrucelli. -apk
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.