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Savings Banks
Downey wrote too many weak loans-- will go bankrupt

May 14, 2008 08:00 PM GMT

utopius

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Downey is behind a lot of loans to middle class Californians that speculated on housing prices in the 2002-2007 boom. This will more than come back to haunt them, it will bankrupt them in the coming year or two.

DSL: This call was made on 05/14/08 @ $10.25

Rating:	$10.25 (05/14/08)
Closed:	07/24/2008 @ $1.96 (+80.88% in 71 days)
Target:	$0.99 (-90.34%) in > one year

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Opinion on Downey Financial Corp. (DSL) Sector: Financial > Industry: S&Ls/Savings Banks Downey wrote too many weak loans-- will go bankrupt

Opinion on Downey Financial Corp. (DSL) Sector: Financial > Industry: S&Ls/Savings Banks
Downey wrote too many weak loans-- will go bankrupt