"In my parents' retirement community, when they describe me as an M&A banker, it's no longer socially acceptable. So they call me an adviser to the free flow of capital." - Goldman M&A head Tim Ingrassia, in his keynote speech this morning at Tulane
is start to stress the fact that we are not lenders, merely information advisers. If someone wants more information, we can of course provide it, but no one calls or shares their information unless it is requested and authorized.
There always have been (and I guess always will be) bad apples in the bunch, and guilt by association is something we have to fight against. Guess that's just business, money, politics, religion, it's all about perception.
I bet to disagree, banking is not swindling; bad and or dishonest bankers are the ones doing the swindling; we should not be throwing the baby out with the dirty bath water. The world as we know it cannot function with banks.
On Apr 02 05:01 PM css1971 wrote:
> Banking is swindling. The people just noticed. > > > Now you know why it's no longer socially acceptable. > > > HTH
The banking system is the biggest ponzi scheme ever created. And when the govt finds out that nothing they do will work to fix the problems, they will nationalize the banks(which they should have done in the first place)
Thats why the market has been rallying for the past 3 weeks.... Its the oldest trend in the book...BUY THE RUMOR, SELL THE NEWS! The lows are not yet in for this bear market. I believe we will see a sideways market for a few months, then start another leg down....DOW 5000 before end of year sounds about right...dont believe? watch what happens.
According to you, the logical solution should be DOW ZERO, we will keep what moey we have under our bed and when the money is worn and tattered, we will switch to paying with eggs and potatoes???
On Apr 02 10:00 PM joshuaodonnell wrote:
> The banking system is the biggest ponzi scheme ever created. And > when the govt finds out that nothing they do will work to fix the > problems, they will nationalize the banks(which they should have > done in the first place) > > Thats why the market has been rallying for the past 3 weeks.... Its > the oldest trend in the book...BUY THE RUMOR, SELL THE NEWS! The > lows are not yet in for this bear market. I believe we will see a > sideways market for a few months, then start another leg down....DOW > 5000 before end of year sounds about right...dont believe? watch > what happens.
This news story has 5 comments:
Now you know why it's no longer socially acceptable.
HTH
What we've done at our main site...
senioradvisorynetwork.com
is start to stress the fact that we are not lenders, merely information advisers. If someone wants more information, we can of course provide it, but no one calls or shares their information unless it is requested and authorized.
There always have been (and I guess always will be) bad apples in the bunch, and guilt by association is something we have to fight against. Guess that's just business, money, politics, religion, it's all about perception.
The world as we know it cannot function with banks.
On Apr 02 05:01 PM css1971 wrote:
> Banking is swindling. The people just noticed.
>
>
> Now you know why it's no longer socially acceptable.
>
>
> HTH
Thats why the market has been rallying for the past 3 weeks.... Its the oldest trend in the book...BUY THE RUMOR, SELL THE NEWS! The lows are not yet in for this bear market. I believe we will see a sideways market for a few months, then start another leg down....DOW 5000 before end of year sounds about right...dont believe? watch what happens.
we will keep what moey we have under our bed and when the money is worn and tattered, we will switch to paying with eggs and potatoes???
On Apr 02 10:00 PM joshuaodonnell wrote:
> The banking system is the biggest ponzi scheme ever created. And
> when the govt finds out that nothing they do will work to fix the
> problems, they will nationalize the banks(which they should have
> done in the first place)
>
> Thats why the market has been rallying for the past 3 weeks.... Its
> the oldest trend in the book...BUY THE RUMOR, SELL THE NEWS! The
> lows are not yet in for this bear market. I believe we will see a
> sideways market for a few months, then start another leg down....DOW
> 5000 before end of year sounds about right...dont believe? watch
> what happens.