The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks,...
The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders.
From other sites
at Nasdaq.com (Thu, 1:36PM)
at MarketRealist.com (Wed, 7:05PM)
at Zacks.com (Wed, 10:02AM)
at 4-traders.com (Wed, 3:06AM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs