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A long-time part of the Washington area will soon be gone.

Chevy Chase, from what I understand, is still pretty strong overall, but are in danger due to high mortgage delinquency rates - a good chunk of their portfolio is "Option ARM" negative amortization loans.

Their branch network, however, is strong, and would greatly increase the purchasing bank's presence in the Washington and Baltimore markets.

1 posted on 11/20/2008 12:12:26 PM PST by RockinRight
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To: RockinRight

I always knew he was for sale, ever since he did “Memoirs of an Invisible Man.”


2 posted on 11/20/2008 12:15:53 PM PST by RockinRight (Now it's my turn to have a psychotic, uncontrollable hatred for the President.)
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To: RockinRight

“What’s in YOUR wallet?”


3 posted on 11/20/2008 12:17:03 PM PST by SIDENET (Hubba Hubba...)
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To: RockinRight

The disgusting part to me (besides Chevy Chase’s obscene ATM fees), is that all of their potential buyers are doing it with money from Uncle Sugar.

Yep, all three of those outfits got TARP money.


4 posted on 11/20/2008 12:17:54 PM PST by Doohickey (The more cynical you become, the better off you'll be.)
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To: RockinRight

Now I understand what Joe Battalia(sp?) was talking about. He kept saying that the $700 billion bailout wasn’t for the public’s benefit. The banks are taking the money instead and buying other banks. The general public won’t receive a dime of the bailout monies.


5 posted on 11/20/2008 12:18:35 PM PST by lilylangtree (Veni, Vidi, Vici)
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To: RockinRight

What would they want with a decrepit old reprobate like him? Oh ... the bank. Nevermind. /Latella


6 posted on 11/20/2008 12:22:58 PM PST by NonValueAdded (once you get to really know people, there are always better reasons than [race] for despising them.)
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To: RockinRight

Good evening, I’m Chevy Chase and you’re not.


8 posted on 11/20/2008 12:26:55 PM PST by allmendream (Wealth is EARNED not distributed.... so how could it be Redistributed?)
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To: RockinRight

I would like to bid $20 on Chevy Chase! He is a lousy actor and a real pain in the a** when it comes to intelligence and politics, but he is kinda cute, so I bid $20.


11 posted on 11/20/2008 12:38:58 PM PST by buffyt (Obama's days of walking on water won't last indefinitely.His chroniclers will wade back into reality)
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To: RockinRight
The image “http://images.absolutenow.com/poster/Chevy_Chase/10043464.jpg” cannot be displayed, because it contains errors.
14 posted on 11/20/2008 12:42:56 PM PST by Rick_Michael (Have no fear "Senator Government" is here)
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To: RockinRight

Why would anyone want to buy Chevy Chase?
16 posted on 11/20/2008 12:43:33 PM PST by Paleo Conservative (Drill Here. Drill Now. Pay Less.)
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To: RockinRight
What is Citigroup bidding with, Monopoly money?


22 posted on 11/20/2008 3:41:01 PM PST by montag813 (www.FreepShop.com)
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To: RockinRight; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ..

Maryland “Freak State” PING!


24 posted on 11/20/2008 8:26:31 PM PST by Tolerance Sucks Rocks (http://www.youtube.com/watch?v=jvxiG56M-eU)
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