Gary A

Analyzing the U.S.'s Four Largest Banks

Is the author saying that the banks will straighten their course? I don't see 20 percent down and old fashion lending coming back, do you, FWI?


On Nov 08 09:24 AM fwi wrote:

> It is interesting that I read this well written article and drew
> the completely opposite conclusion. I believe that the banks will
> not straighten their course. They have already forgotten the lessons
> of just one year ago. They do not want to be in the lending/deposit
> business anymore because of the dreaded loan loss provisions.
>
> THey much rather make their money trading with the free discount
> window money they can access from the Fed by Pretending to be a bank
> holding company. And I am not just referring to Goldman Sachs.

How Warren Buffett Is Smarter than the G20

I still think deflation is a big threat, in which case Buffett's railroads will remain empty and the United States will be Japan.

Only, in Japan the people themselves are solvent. I would say US deleveraging will outlast Buffett's days on this earth. I hope I am wrong.