Can anyone figure out what's happening with CACB?
Up?
Down?
Sideways?
Or just blowing smoke.
I will say one thing for them, they aren't going to go down quietly. The other banks that have closed around here seemed to whimper in the corner until the FDIC came and got them. At least, for all I heard about them.
CACB is spinning and spinning. I Think I Can. I Think I Can.
But I have to guess, fundamentally, their situation has improved marginally, if at all. There has been no rescue by investors, and indeed that all may have fallen through. They're sueing some firm because they won't accept .20 on the dollar. (Was that in writing?)
Did they lose more money than they let on? Could be -- they appear to be revising previously released totals.
Are their commercial loans that are out there just being "Pretended and Extended?" That would be my guess.
Will they be able to renew the 'deal' where two investors will match private contributions? It sounds like that has fallen through, but what did it mean anyway? Wasn't it just a plea of, "Mom, I'll do my homework just as soon as I get done playing with Sammy."
They certainly are sending out lots of signals. Getting the Bulletin to produce a headline that says, "POSITIVE SIGNS FROM BANK OF THE CASCADES," though the text of the article seems much more subdued than that. "roughly break-even," would imply to me that they didn't actually break-even....otherwise, why not just say so? If they turned a profit, even the smallest of profits, why not say that?
But they aren't releasing the "complete" earnings report until later.
Is this an expectation game? Mention "roughly breaking even" and then announcing a small profit? Or preparing investors for loses by couching it as "roughly breaking even?" Either way, it would seem to be spin.
It may be enough that they are trying so hard, and the FDIC may just be sitting back to see if they can pull it off.
Up?
Down?
Sideways?
Or just blowing smoke.
I will say one thing for them, they aren't going to go down quietly. The other banks that have closed around here seemed to whimper in the corner until the FDIC came and got them. At least, for all I heard about them.
CACB is spinning and spinning. I Think I Can. I Think I Can.
But I have to guess, fundamentally, their situation has improved marginally, if at all. There has been no rescue by investors, and indeed that all may have fallen through. They're sueing some firm because they won't accept .20 on the dollar. (Was that in writing?)
Did they lose more money than they let on? Could be -- they appear to be revising previously released totals.
Are their commercial loans that are out there just being "Pretended and Extended?" That would be my guess.
Will they be able to renew the 'deal' where two investors will match private contributions? It sounds like that has fallen through, but what did it mean anyway? Wasn't it just a plea of, "Mom, I'll do my homework just as soon as I get done playing with Sammy."
They certainly are sending out lots of signals. Getting the Bulletin to produce a headline that says, "POSITIVE SIGNS FROM BANK OF THE CASCADES," though the text of the article seems much more subdued than that. "roughly break-even," would imply to me that they didn't actually break-even....otherwise, why not just say so? If they turned a profit, even the smallest of profits, why not say that?
But they aren't releasing the "complete" earnings report until later.
Is this an expectation game? Mention "roughly breaking even" and then announcing a small profit? Or preparing investors for loses by couching it as "roughly breaking even?" Either way, it would seem to be spin.
It may be enough that they are trying so hard, and the FDIC may just be sitting back to see if they can pull it off.