Just wanted to update everyone on something I've called for before. Banco Popular is still in the cellar of NASDEQ ($3.19), as it should be, according to the incredibly poor results they recently reported. According to Business News America:
"Puerto Rican bank Popular's (Nasdaq: BPOP) asset quality is almost certain to remain under pressure in 2011, given the ongoing recession in the island, which "we believe will lead to continued high provisions and credit-related expenses," Moody's VP and senior analyst Joseph Pucella recently told BNamericas."So I ask again, why is Richard Carrion still the Chairman of the Board of Directors and the CEO of Banco Popular?