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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1191)	10/14/2010 1:04:20 PM
From: tejek	Read Replies (1) \| Respond to of 1428

I'm starting to wonder if some of the regional banks might be a good play given that the majority of them maintained their mortgage portfolios on their books and did not use MERS or securitization. I know they will feel some pain, but JPM, BAC and WFC are all on the hook to the people who bought their corrupt, fraudulently originated mortgages and the regionals are not. I have to tell you my two regionals.....HBAN and RF......are down today but not like BAC and WFC. And JPM is barely down at all. I think this mortgage problem as identified by BAC may be more localized. BAC is my lender and they are terrible. I suspect their DD dept is non existent. I am a fool for still holding some shares. On the next bounce, BAC is gone. And catch this.......SNV is green today.