ronstieb,You can have an early mark for finding the mistake,...

ronstieb,

You can have an early mark for finding the mistake, good work.

The rest of you can stay in class until you review the quarterly again and answer the other questions properly! :)

Seriously,
I agree with you that HC posters will almost all think that FIRB is a foregone concl' ...My point about FIRB, is that I it may not matter so much what average HC poster thinks, but what effect does "approval" have in the mindset of the (far more conservative) institutions.

Add into that the irrational day-to-day sentiment of trading.

Hope we find out soon!

John S.


PS. Good buying at 11 and 11.5.