Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $15,561
19%  
Woo hoo!! And now only $639 from reaching 20%!! Thank you all very much!! God bless.

Keyword: bealbank

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  • The Banker Who Said No

    04/05/2009 10:29:05 AM PDT · by rabscuttle385 · 22 replies · 2,212+ views
    Forbes ^ | 2009-04-03
    While the nation's lenders ran amok during the boom, Andy Beal hoarded his money. Now he's cleaning up--with scant help from Uncle Sam. BY BERNARD CONDON & NATHAN VARDI Standing outside the glass-domed headquarters of his Plano, Texas, bank in March, D. Andrew Beal presses a cellphone to his ear. He's discussing a deal to buy mortgage securities. In just a few minutes, the deal's done: His Beal Bank will buy $15 million of face value for $5 million. A few hours earlier he reviewed details on a $500 million loan his bank is making to a company heading into...