Sunday, May 3, 2009

The Californian does SJV Bank

San Joaquin reports quarterly loss
BY JOHN COX, Californian staff writer jcox@bakersfield.com Friday, May 01 2009 06:35 PM


Bank officials said the company would have earned a profit of more than $2 million if not for the $10.69 million it deposited in a reserve fund to buffer it against the declining value of residential property it holds as collateral in loans to local homebuilders.

Hahaha. I like this!

In a similar vein, I would have much more money in my checking account at the end of each month, if I didn't have to set aside money to pay bills.

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