Thread: I'm Sorry, Your Bank is too Prudent, We're Downgrading Your Rating
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Old 03-17-2009, 02:41 PM   #3
Pie
Gone and done
 
Join Date: Sep 2001
Posts: 4,808
Quote:
Originally Posted by wikipedia
A mutual savings bank is a financial institution chartered through a state or federal government to provide a safe place for individuals to save and to invest those savings in mortgages, loans, stocks, bonds and other securities.
They weren't meeting the terms of their charter. How is it surprising that they got smacked on the wrist?
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per·son \ˈpər-sən\ (noun) - an ephemeral collection of small, irrational decisions
The fun thing about evolution (and science in general) is that it happens whether you believe in it or not.
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