OT: RIP – La Jolla Bank

[davelj]

[quote=briansd1]M
As I’ve said before commercial real estate will be a problem for local banks.

http://www.sdbj.com/industry_article_pay.asp?aID=52432609.6881673.1852955.124139.6916512.800&aID2=142526%5B/quote%5D

“Will be a problem?” It already is. It’s been a problem for the last 18 months and will continue to be a problem for next few years.

[davelj]

[quote=desmond]Probably another great deal for OW Bank and taxpayers picking up the tab:

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20%5B/quote%5D

Where do the “taxpayers” fit into this? (We’ve already discussed this issue on a different thread.)

[davelj]

[quote=desmond]Probably another great deal for OW Bank and taxpayers picking up the tab:

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20%5B/quote%5D

Where do the “taxpayers” fit into this? (We’ve already discussed this issue on a different thread.)

[davelj]

[quote=desmond]Probably another great deal for OW Bank and taxpayers picking up the tab:

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20%5B/quote%5D

Where do the “taxpayers” fit into this? (We’ve already discussed this issue on a different thread.)

[davelj]

[quote=desmond]Probably another great deal for OW Bank and taxpayers picking up the tab:

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20%5B/quote%5D

Where do the “taxpayers” fit into this? (We’ve already discussed this issue on a different thread.)

[davelj]

[quote=desmond]Probably another great deal for OW Bank and taxpayers picking up the tab:

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20%5B/quote%5D

Where do the “taxpayers” fit into this? (We’ve already discussed this issue on a different thread.)

[briansd1]

By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.

[briansd1]

By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.

[briansd1]

By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.

[briansd1]

By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.

[briansd1]

By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.

[davelj]

[quote=briansd1]By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.[/quote]

Yours is the consensus opinion.

[davelj]

[quote=briansd1]By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.[/quote]

Yours is the consensus opinion.

[davelj]

[quote=briansd1]By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.[/quote]

Yours is the consensus opinion.

[davelj]

[quote=briansd1]By “will be a problem” I meant, problems that will do the banks in.

If you read the SD Business Journal articles about La Jolla Bank just in the fall of last year, they were very positive about the financial health of the bank. Yet, within 1/2 year, the bank was taken over by the regulators.

I’m seeing a lot of empty commercial space. I believe that, in past recessions, owners had more equity and could ride it out better. The leverage has been so great that failures on a large order will be unavoidable.[/quote]

Yours is the consensus opinion.

[Author]

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