Brooklyn Federal Bancorp Inc. (BFSB)

[aharfo56]

That is one good thing about having insiders with that kind of ownership percentage...they don't want the bank to go under any more than we do. Of course, it could also be a small portion of their wealth and they simply lost money on the deal...hard to say.

I'm going to keep watching this one and see how things go. Looks like it was a small regional bank who decided to start speculating in real estate and got away from the core foundation of banking to make insane profits...like many others....they moved away from simply taking deposits and lending money at a higher cost than they get it...in this case, "Gecko" was wrong back in the 1980's...greed is NOT good..it created a generation of "NINJA's"
NO INCOME, NO JOB, NO ASSETS....how true that movie was...lol