Meredith Whitney:"Large US Banks will stay on life support for at least 2 more years"

Quote from Daal:

Hugh Hendry is saying financials might take 20 years to break their previous highs. with all the regulation they will get its hard to argue with that
More...

Not to mention the fact that now that they are bank holding companies they will never achieve the level of returns they could achieve as IBs as they are no longer allowed to employ the same level of leverage.
 
Quote from Constantine:

She has a vested interest in continuing of the doom and gloom crowd.

Nah, this girl has no vested interest in the "continuing doom and gloom"...she is simply stating the obvious...

Plus you have record cash on the side lines folks, its gonna have to be put to work someday.
More...

That's right ...WHEN....

hey, I'm sorry..I just screwed up half of my commentary which a appears in the emboldened (quote area)...I am not too clever at this stuff.:(
 
The banks will stay on taxpayer provided "life support"?

What's the incentive for running your business well when all you need to do is grow "too big to fail" and latch on to the government tit?

Of course the banks will suck wind from now on. There are too many of them and they're mostly all poorly run and have no incentive to change that. Thanks to government genius, these zombies will be sucking the blood of productive, well run companies and individuals.

What a disaster.
 
For Big US Banks, Trouble Is Just Getting Started

Wednesday January 14, 3:22 pm ET

Troubles at some of banking's biggest names in early 2009 are merely setting the tone for what is likely to be another disastrous year for the industry.

As the future of Citigroup has come into question and analysts express concern over Bank of America and HSBC, the worst could well be yet to come for an industry still smarting over a bruising 2008.

http://biz.yahoo.com/cnbc/090114/28656573.html?.v=1
 
You must log in or register to reply here.
Back
Top