TMST Inc. (fka THMRQ)

[Chance To See]

Are you discounting what Goldstone said in the article posted by wingnut?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35166752

“A few weeks ago, it appeared MatlinPatterson Global Advisers, Thornburg's lead investor, had found a solution: A group led by the New York private-equity firm agreed to invest $250 million for a controlling stake in Flagstar Bancorp, a thrift company in Troy, Mich. But Goldstone did not sound optimistic about the widely floated idea that Flagstar's deposit base could be used to finance his company's portfolio. There is "some possibility" that could happen, but "Flagstar would have to raise $4 billion in new deposits pretty much right away and that's not a likely prospect," Goldstone said. "They've already tapped their access to the Federal Home Loan Bank and they've got their own issues."



I was optimistic (for FBC) that they increased deposits in the fourth quarter by about $500 million, but that’s a far cry from $4 billion. “During the fourth quarter, our retail deposits increased to $5.4 billion from $4.9 billion in the third quarter. For the year, retail deposits increased by 5.5% from $5.1 billion at the end of 2007 to $5.4 billion at the end of 2008. We were able to increase core deposits in a difficult market by maintaining our focus on customer service and through our effective advertising efforts.”

http://investors.flagstar.com/phoenix.zhtml?c=91343&p=irol-newsArticle&ID=1250174&highlight=