Msrpaul

3 Reasons To Be Bullish on the Investment Banks

I think that what you're not counting on is continued consolodation in the brokerage industry. The pace of M&M and mortage backed securitization will never return to its former days, and a lot of deleveraging has to take place. HOmes will return to being homes, not commodities to flip, and they will be financed accordingly. The "house of cards", this time made with bricks and mortar, has a long way to go to regress to the mean. That's bad gor LEH and MER especially, no?