Musings on the markets for the individual investor
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Two more showed up after our post Friday evening.
Downey Savings and Loan, Newport Beach, CA (symbol DSL)
PFF Bank and Trust, Pomona, CA
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The failure of PFF brought a tear to my eye. As a young boy I grew up near Pomona and opened my first savings account at Pomona First Federal back in the early ’70s. I managed to save all my babysitting money in there, and after a year had saved up the princely sum of $106! I was over the moon with joy. Eventually that seed money became the start of a lifelong savings habit, and I am currently a renter and totally debt-free. If only the recent PFF customers had been as frugal, we might not be in this mess. Farewell to a cherished childhood memory…
- Greg
Comment by Greg Larsen — 11/24/2008 @ 3:16 pm
At least you didn’t lose your 106 bucks…
Comment by BMB — 11/24/2008 @ 3:19 pm