TOP 10 INSIDER LENDERS
JPMorgan Chase, New York, $1.48 billion
Wachovia, Charlotte, N.C., $747 million
M&I Marshall & Ilsley, Milwaukee, $644.4 million
Bank of America, Charlotte, $624.2 million
Northern Trust, Chicago, $523.5 million
Union Bank, San Francisco, $499.3 million
BB&T, Winston-Salem, N.C., $493.8 million
Commerce Bank, Kansas City, Mo., $467.9 million
Regions Bank, Birmingham, Ala., $444.3 million
Comerica Bank, Dallas, $391.5 million
(Note: Wells Fargo, based in San Francisco, bought Wachovia on Dec. 31.)
McClatchy:
CHARLOTTE, N.C. — Banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy.
Insider lending to directors is particularly troublesome because it could cloud the judgment of people charged with protecting shareholders and overseeing bank management, the experts say.
1 comment:
Yes and Goldman Sachs got there money from every direction. I must say when the smoke clears on this crime it will make History around the World. Talk about Bush wanting a Legacy he will have one but not the one he wanted. Yes the US loyalist can cheer their King George W. but the World will write about the biggest crime of the World. A poor stupid little rich kid who not only was a drunk/druggie but stole the US election twice and almost brought down the World. George W. Bush has earned his place in History but not for the right or good reason. Cheney will be beside those of horror and hate as his place in hell is waiting.
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