Caught Up in The Financial Crisis
In mid-August 2009 the bank was named as one of the biggest and worst off of more than 150 U.S. lenders which own nonperforming loans that equal 5 percent or more of their holdings. 5 percent is a threshold that former regulators have stated can wipe out a bank’s equity and threaten its survival. Flagstar's nonperforming portfolio was more than 10 percent.
Read more about this topic: Flagstar Bank
Famous quotes containing the words caught up in, caught up, caught, financial and/or crisis:
“Caught up in life, you see it badly. You suffer from it or enjoy it too much. The artist, in my opinion, is a monstrosity, something outside of nature.”
—Gustave Flaubert (1821–1880)
““A girl I had, but she followed another,
Money I had, and it went in the night,
Strong drink I had, and it brought me to sorrow,
But a good strong cause and blows are delight.”
All there caught up the tune:
“On, on, my darling man.””
—William Butler Yeats (1865–1939)
“cried as he died, fearing at last the spheres’
Last sound, the world going out without a breath:
Too proud to cry, too frail to check the tears,
And caught between two nights, blindness and death.”
—Dylan Thomas (1914–1953)
“America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.”
—C. Wright Mills (1916–1962)
“Tennis is more than just a sport. It’s an art, like the ballet. Or like a performance in the theater. When I step on the court I feel like Anna Pavlova. Or like Adelina Patti. Or even like Sarah Bernhardt. I see the footlights in front of me. I hear the whisperings of the audience. I feel an icy shudder. Win or die! Now or never! It’s the crisis of my life.”
—Bill Tilden (1893–1953)