NYCB route seeming like an overreaction led by Speculation
$New York Community Bancorp(NYCB.US$ deposits up 2billion since december 31’st is great news. Lets see what else we can learn in the call.
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TheApeInvestor : Remember Lehman got a JPMorgan loan but no one cared. They naked shorted it out of business. Sentiment can turn quickly.
KingJimmyOP TheApeInvestor: sentiment yes, fundamentals not really. There have been no deposit outflows since December 31’st apart from escrow accounts which is normal for seasonality. Lehman was levered to the tits and not even a normal bank. NYCB as can clearly be seen in the 8k published yesterday is doing fine apart from the profitability question. The question of if they could handle deposit outflows is obvious since they have 150% capital compared to unsecured deposits.