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GS bottomed at $158 and is up to $161 now. I’ll think about buying tomorrow.
ugh – are you guys gonna debate this shit all night at the bar?
Posted by: dirty_hipster at January 21, 2010 3:12 PM
NO, certainly not. You of all people should know that discussions from here are never serious business when we are at the bar…only sti=uff like tits and ass and mexican kitchen help and what everyone is drinking and who’s going to make an ass out of themselves first and whether or nit someone new will show up and either you or I will think they are hot
I bank with bank of America only because I was forced to when they bought our firm. My investment accounts are no longer there and other than that, it’s just a checking account. I like that they are all over the east coast though.
I’m looking for an entry point to get back into bank stocks. This might be it. none of this shit is actually going to happen or at least it will be in dribs & drabs over a very long extended period of time.
Snappy, I know how to works but me being a Mongolian goat herder and all, I have a hard time putting it on paper in simple terms. I think Denton had the best explanation and I have to agree with him on the lending limits. If they started regulating that, maybe it would be a start of a good thing and not trying to split up banking institutions that uses their banking side to fund their investment side and hedge risk in a way. I can explain it to you in person. I tend to be much better with speech than writing. Ehhhh.
“I have only read the OT on this topic, but if the proposal is off base as you and denton say (your agrement on the main points suggests a real concern)”
Now if we can get both Legion and Bronxgirl to agree, time to sell everything 🙂
I disagree that getting banks to lend more is the only problem. Some rules along the lines Denton proposed to require greater responsibility with risk and to limit the damage over-leveraging can do are needed.
I have only read the OT on this topic, but if the proposal is off base as you and denton say (your agrement on the main points suggests a real concern) this will get turned into something else before anything is enacted. An opening salvo, a negotiating position, possibly overplayed but not fatal.
“Administration officials said they were not trying to resurrect Depression-era laws that strictly divided commercial banks from investment operations. Nor would their proposals force existing financial firms to downsize.”
I think a commercial bank (what I have been calling ‘retail’) bank could still trade on behalf of clients. This is low margin business these days, though.
It could certainly still have a fee based advisory investment banking business. Could offer access to commercial bank capital through that division as well.
GS bottomed at $158 and is up to $161 now. I’ll think about buying tomorrow.
ugh – are you guys gonna debate this shit all night at the bar?
Posted by: dirty_hipster at January 21, 2010 3:12 PM
NO, certainly not. You of all people should know that discussions from here are never serious business when we are at the bar…only sti=uff like tits and ass and mexican kitchen help and what everyone is drinking and who’s going to make an ass out of themselves first and whether or nit someone new will show up and either you or I will think they are hot
This is why 11217 should show up!!!!!
I bank with bank of America only because I was forced to when they bought our firm. My investment accounts are no longer there and other than that, it’s just a checking account. I like that they are all over the east coast though.
I’m looking for an entry point to get back into bank stocks. This might be it. none of this shit is actually going to happen or at least it will be in dribs & drabs over a very long extended period of time.
ugh – are you guys gonna debate this shit all night at the bar?
Snappy, I know how to works but me being a Mongolian goat herder and all, I have a hard time putting it on paper in simple terms. I think Denton had the best explanation and I have to agree with him on the lending limits. If they started regulating that, maybe it would be a start of a good thing and not trying to split up banking institutions that uses their banking side to fund their investment side and hedge risk in a way. I can explain it to you in person. I tend to be much better with speech than writing. Ehhhh.
“I have only read the OT on this topic, but if the proposal is off base as you and denton say (your agrement on the main points suggests a real concern)”
Now if we can get both Legion and Bronxgirl to agree, time to sell everything 🙂
DIBS,
I disagree that getting banks to lend more is the only problem. Some rules along the lines Denton proposed to require greater responsibility with risk and to limit the damage over-leveraging can do are needed.
I have only read the OT on this topic, but if the proposal is off base as you and denton say (your agrement on the main points suggests a real concern) this will get turned into something else before anything is enacted. An opening salvo, a negotiating position, possibly overplayed but not fatal.
“Administration officials said they were not trying to resurrect Depression-era laws that strictly divided commercial banks from investment operations. Nor would their proposals force existing financial firms to downsize.”
I think a commercial bank (what I have been calling ‘retail’) bank could still trade on behalf of clients. This is low margin business these days, though.
It could certainly still have a fee based advisory investment banking business. Could offer access to commercial bank capital through that division as well.
“Canadian bankers are HOT!”
Only in Florida!
DIBS, so who you bank with? Per Prez Biff, Canada not a commie country hence why us chinese commie love to immigrate (or emigrate per Arkady) there