Reggie Middleton Boom Bust Blog

I received this email a couple of days ago. I looked into him and he is a relatively large concern. It is not just the little guy getting shafted...

Reggie - I am a large hotel company and have been treated like a thief by the doo doos [he is referring to Reggie Middleton's notorious Doo Doo 32 (As I see it, these 32 banks and thrifts are in deep doo-doo!)]. It infuriates me everyday. This statement is obviously false and banks are using every coverage or ltv test they can to make borrowers pay loans down. Please do not use my name in anything...

http://www.marketwatch.com/story/suntrust-reports-third-quarter-results-2009-10-22

Additionally, commercial loans have declined due to weak loan demand as a result of the recessionary environment and borrowers' desire to restrict capital spending and pay down existing debt facilities.

The Company has substantial available liquidity as the inflows of high quality deposits and longer term financing sources have largely been retained in cash and invested in high quality government-backed securities.

Anyone interested in my latest take on the Suntrust numbers (remember, I warned you about them a long time ago) should look here: Reggie Middleton on Suntrusts Q3-09 Earnings