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His bank, which opened in 1917, didn't make any subprime loans, nor did it take any bailout money.
Bank organizers agreed that it would not accept any subprime mortgage-related assets and only certain types of risky complex instruments like collateralized debt obligations.
"We do not own any subprime mortgage products or any of the things that are currently under stress," Mr. Atteberry said.
New laws on the pattern of some already passed at the state and local level could do great harm by discouraging lenders from making any subprime loans at all.
While Annaly is a residential mortgage REIT, it does not hold any subprime paper.
Then they came out a couple of weeks ago and said, "We don't hold any subprime paper.
Similar(49)
The bank said Thursday that it did not suffer any subprime-related losses in the fourth quarter of 2007, though market turbulence did affect its overall profit and it could not rule out future write-downs of other loans.
A smaller rival, Bank of Communications, which has not reported any subprime-related exposure, said third-quarter net profit nearly doubled to 5.93 billion yuan ($794 million), from 2.98 billion yuan a year earlier.
Lehman did its part, beating analyst expectations and skating through the fourth-quarter without any subprime-related bombshells, but the financial sector still tumbled.
Nor has there been a single indictment against any top executive at a subprime lender.
Its proponents argue that any similarity with subprime loans is misleading.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com