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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Steve Antonelli who wrote (526)5/26/1998 11:00:00 PM
From: jjs_ynot  Read Replies (2) of 2414
 
The article appears to be filled with inuendo and half-truths. I'll pick a few examples NTBK "farms out its appraisals to third party appraisers". So do 99 percent of traditional banks. They don't want the liability if the appraiser screws up.

The book value is calculated as of March 1998. With the deposit growth , book value has grown to a figure bringing NTBK closer in line with traditional banks. It is just that NTBK is growing at 25 to 30 percent per month. The article didn't include that in their calculations.

There were a number of other issues that popped out at me but it's late and I'm still working on a paper for a course final exam.

Gotta go.
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