Replies to post #310 on EOS Preferred Corp Series D Pfd (fka EOSPN)

[Enterprising Investor]

Correspondent Lending at Aurora Bank is promoting Jumbos.

https://www.aurorabankfsb.com/business/correspondent

[h_man_investor]

Agreed. The OTS/OCC handcuffed the bank's ability to conduct business that they are losing money each quarter.

How can a bank have $2.5B in cash and a 28% tier 1 capital ratio and be profitable.

I suspect some sort of recap/restructure will occur. If they are going to sell I would think they would distribute cash and securities to Lehman.