SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Banking Plays: LT and ST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lynn who wrote (19)11/10/1998 9:11:00 PM
From: lazarre   of 32
 
Lynn,

I'm not exactly sure of the differences between an S&L and a
" Regular " bank anymore. I'm hoping that someone else more knowledgeable than I can point those out. In any event, I do believe the differences are blurring. I believe in yesteryears and to some extent even today, S&L's had certain regulartory and interest advantages that commercial banks didn't have---particularly in the mortgage arena. On the other side of the coin, S&Ls were prohibited from doing certain things with their capital that commercial banks could; e.g. like putting their money in certain " risky " investment vehicles like oil and gas ventures or loaning money to the same. That's why with the advent of deregulation in the 80's, quite a number of S&Ls got into trouble by doing exactly that. Unfettered for the first time in their existence they went,well, hog wild. Remember Silverado??

Yes, it does seem that S&Ls only merge with S&Ls and commercials with commercials. I cannot recall an instance otherwise. I'm hoping someone else on this thread can comment on that.

Incidentally, on CNBC this AM, Herb Greenburg from the street dot com claimed there was a hitherto favorably disposed analyst shunning regional banks due to lowering interest rates. When I first got into investing in banks, the conventional ( which then proved true ) wisdom was that lowering rates were a boon to all types of banks and most other financial service companies.

L

Addendum: why they are called Thrifts? I can only guess becasue of the association with the word: thrifty. No?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News