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.
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.)
To: RockinRight
3 posted on
11/20/2008 12:17:03 PM PST by
SIDENET
(Hubba Hubba...)
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.)
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)
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.)
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?)
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)
To: RockinRight
14 posted on
11/20/2008 12:42:56 PM PST by
Rick_Michael
(Have no fear "Senator Government" is here)
To: RockinRight
Why would anyone want to buy Chevy Chase?
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)
To: RockinRight; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ..
Maryland “Freak State” PING!
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