Federal regulators slam Blue Ridge Sa...

Federal regulators slam Blue Ridge Savings

There are 48 comments on the Asheville Citizen-Times story from Dec 31, 2008, titled Federal regulators slam Blue Ridge Savings. In it, Asheville Citizen-Times reports that:

ASHEVILLE Federal and state regulators have sharply reprimanded Blue Ridge Savings Bank, saying it has been poorly led and managed, and has been operating 'with a large volume of poor-quality loans.' Blue Ridge ...

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jobless whitey

United States

#1 Jan 1, 2009
i see the crook is still at it , hahaha !

“Fourth Estate = Fifth Column”

Since: Apr 07

Location hidden

#2 Jan 1, 2009
Blue Ridge turned down bailout money.

Robert Bliss, F.M. Kirby Chair in Business Excellence at the Schools of Business at Wake Forest University - pointy head, zero value.

FDIC spokeswoman LaJuan Williams-Dickerson - how many quota points on this one? I count 3.

Blue Ridge might be shaky, but they're better than the monster banks who are now sucking cash from the people they've been screwing for decades, i.e., taxpaying customers.
Ann Ryder

AOL

#3 Jan 1, 2009
Wonder how Taylor and his KGB partner are doing with their bank in Russia? And if I remember correctly, while Taylor was in congress, he brought over a bunch of Russian students so they could learn the banking business. Oy.

Also wonder how many of those shaky construction loans are at Wolf Ridge...the resort managed by a partnership consisting of one of Taylor's loan officers and one of his cousins.
Slick Rick

Simpsonville, SC

#5 Jan 1, 2009
Sounds like Chainsaw Charlie ran his banking business with the same integrity that he demonstrated while serving in the U.S. House of Representatives. What goes around comes around. A slime ball of the highest order. HA! HA! HA!
OUTSPOKEN

United States

#6 Jan 1, 2009
I do not do any banking or other business with Blue Ridge, however, from this article, there are problems. I do not know if this is the first step in closing the institution or the first step in its relaxation.
It appears that there are many problems there and there is only one way to remedy them - fix them.
I do not know how much former congressman Taylor is involved with the operations of the banking system but I think he should be very involved especially when others are involved with their money.
Ann Ryder

AOL

#7 Jan 1, 2009
To Outspoken: During the trial mentioned in the AC-T article, the bank president testified that Taylor was a "micro-manager" and that he helped Taylor "skirt issues".
Bought out UAW Worker

Barnesville, OH

#8 Jan 1, 2009
This is what happens when mountain men try to run a bank.
Mr Economist

United States

#9 Jan 1, 2009
I warned people to stay away from his two star bank and that Taylor in my opine is shady and the most corrupt politician in North Carolina.

Will Mr Republican hack Matt Mittan criticize his buddy Taylor monday on his radio show Monday? Matt spends most of his time critiquing Mike Easley's wife. Matt says he is an Independent political thinker...NOT.
mtnbear

United States

#10 Jan 1, 2009
Blue Ridge was the only local bank that would give us a construction loan to build our own log cabin. We paid it off in 1 yr..
He did us right when no other's would give us the time of day.
Mr Economist

United States

#11 Jan 1, 2009
Taylor has violated Carl Mumpowers four principles of conservatism.
Pancake

Simpsonville, SC

#12 Jan 1, 2009
Did you have to sign over the logging rights to get it? Watch out. Taylor will haul off that cabin for pulp!
mtnbear wrote:
Blue Ridge was the only local bank that would give us a construction loan to build our own log cabin. We paid it off in 1 yr..
He did us right when no other's would give us the time of day.

Since: Aug 07

Asheville, NC

#13 Jan 1, 2009
Taylor runs it as well as most congressmen and a whole lot better than Raines ran F/F. If Taylor had Dodd and Frank in charge of oversight, none of this would have happened, and if it did, Dodd and Frank (who are strangely, still in charge) would give him billions to get things right.
Bought out UAW Worker

Barnesville, OH

#14 Jan 1, 2009
mtnbear wrote:
Blue Ridge was the only local bank that would give us a construction loan to build our own log cabin. We paid it off in 1 yr..
He did us right when no other's would give us the time of day.
I'm sure that predatory interest rate was no factor in re-paying it quickly with illegal funds.
joseph kyle

Asheville, NC

#15 Jan 1, 2009
mtnbear wrote:
Blue Ridge was the only local bank that would give us a construction loan to build our own log cabin. We paid it off in 1 yr..
He did us right when no other's would give us the time of day.
Paid it off in a year, huh? What did you cook in that log cabin, meth?
Lie detector

United States

#16 Jan 1, 2009
mtnbear wrote:
Blue Ridge was the only local bank that would give us a construction loan to build our own log cabin. We paid it off in 1 yr..
He did us right when no other's would give us the time of day.
How much did you contribute to Taylor's congressional reelection campaign?
mtnbear

United States

#17 Jan 1, 2009
Like I said, we paid it off in 1 yr.. We have no business with them now.

I noticed he didn't take any of the TARP pillaging that other banks have tripped over each other to get, with no accountability either.

Can't be all bad.

Bank of America got 25 Billion! Have you seen them offering any easier loans to locals?
mtnbear

United States

#18 Jan 1, 2009
joseph kyle wrote:
<quoted text>
Paid it off in a year, huh? What did you cook in that log cabin, meth?
When complete, we turned it into a traditional 30 yr. loan with another bank.

Not too bright on how financing works, are you!!
jim

Sherrills Ford, NC

#19 Jan 1, 2009
Bought out UAW Worker wrote:
This is what happens when mountain men try to run a bank.
Still have your job, UAW man? Look what happens when unions (legalize racketeering) are allowed to ruin American industry. They drive wages so high the companies have to choose between shipping jobs overseas or going bankrupt (unless they get free money when the government steals it from taxpayers).
mtnbear

United States

#20 Jan 1, 2009
Lie detector wrote:
<quoted text>
How much did you contribute to Taylor's congressional reelection campaign?
Nothing! never even voted for him. You people with these off the wall assumptions aren't very bright, are you!
wachoviahhhhh bank

Hendersonville, NC

#21 Jan 1, 2009
now wells fargone

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