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ALL,
I called the company to make inquiries about their plans for re-positioning the mortgage bank. Specifically to know if and when they will be raising funds through pp. I was told they would be doing a pp around may/june. I however promised to follow up though the lady was keen about my opening an account with them so as to make my buying into the pp much easier
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Is it possibel someone in the house has a research report or rating of Savings & Loans? This is to enable us know which ones are doing very well or badly. This will guide to knowing which ones to invest in. |
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I believe ACCORD COMMUNITY BANK is a subsidiary of Accord Savings and Loans Ltd (as the 2 coys are located in the same building), Accord Comm. Bank was blacklisted as a failed bank by CBN's OFID (other financial institutions).
For these singular reason, my verdict is NO!!!! (to the PP). Check link: http://www.cenbank.org/OUT/CIRCULARS...ID-12-2007.PDF NO OFFENSE TO Faoogoke (RESPECT) Last edited by maxiakala; 14th April 2008 at 08:04 PM. |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Thanks for the link. There are actually 149 of them that have closed shop.
When it comes to Savings & Loans, I think we are all threading in murky waters. How are we sure we don't have more than 149 and maybe the CBN list is not up to date. I think we should treat this sector with caution though I am of the opinion it is the next sector to watch out for. |
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