this guys underwriting standards are stupidly high. their cummulative loss on billions of loans before this crisis was something like $150,000. even if the losses were explode beyond anything anybody could even imagine they have $2B in book value to absorb that plus the earnings income they already have(plus the $17M in loan loss reserves they already have). the only thing that can get them to $0 is ignorant bankers getting in panic and issuing margin calls like they are doing it now, we will see if the can survive this tsunami, if they can then thats your cue that they will survive just about anything
