And then they only raised $17M of what was supposed to be $30-40M in
the second tier offering (after three resounding failures).

If BCSB only got $17M, then how much of a future bad position did
President Joseph Bouffard really put the bank in?

You can be sure of one thing though, Joseph Bouffard the the BCSB Board
of Directors will be implementing all kinds of salary, bonus, stock
options, tax services, car allowances (and every other kind of
compensation imagineable) to enrich themselves while diluting
shareholder (eg. BCSB shit-holder) value.

Just google "Don't Come Home to BCSB" when you get a chance!

http://biz.yahoo.com/prnews/080429/netu126.html?.v=30

Anyways: http://baltcosavings.tripod.com/

BTW: With BCSB only earning $0.02 per share (extrapolated to $0.08 per
annum), what are shareholders who are buying this stock "willy nilly"
smoking? That's a P/E (price/earnings) ratio of something like 144
when most public-traded banks have P/E ratios in the mid to high teens
maybe. Some shareholder(s) are going to be taken to the cleaners when
this stocks corrects. Besides, most banks see a rise in their stock
price in an interest-rate decreasing environment. By all accounts, the
Federal Reserve is *done* lowering interest rates for quite some time
now. And interest rates have nowhere to go, but up! When this happens
(look at past history), banks see their profits drop in an interest-
rate rising environment. It can only be a matter of time before the
stock price of BCSB drops preciptiously!