If you are worried about banks profits with the FinReg bill just passed you are wrong. Look how well they are manipulating the market, and I believe they will still make good profits even after the regulations become effective.
If It's the Banks
Started by
redfoliage2
, Jul 16 2010 12:18 PM
2 replies to this topic
#2
arbman
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Posted 16 July 2010 - 12:52 PM
I think the reason for the decline is the lack of real profits.
#3
goldswinger
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Posted 16 July 2010 - 12:58 PM
If you are worried about banks profits with the FinReg bill just passed you are wrong. Look how well they are manipulating the market, and I believe they will still make good profits even after the regulations become effective.
Banks will be fine no matter what as long as the SEC and FED regime is maintained.
I read somewhere that the bid /ask price for illegal wrong doing on Wall St. is currently changing hands at $500M.....
As long as this security is tradeable, Wall St will be fine......$500M is printed pocket change acquired at 0% interest from the trading house. It costs them nothing to settle except maybe an increae in their liabilities for 1/2 Billion in a company with over a Trillion in assets ( a tiny pimple in ther balance sheet) with essentially zero cost.
GS.
Edited by goldswinger, 16 July 2010 - 01:07 PM.
