The TMA shareholders took a chance with the financial community. Sub-prime loans were the cause of the down fall. The inability to provide loans (services) is why investors are running away from TMA. The product for TMA is money, and without modney there is no viable businesss model. You can't get something for nothing. The current financial market is an echo of the S&L debacle years ago. The government made the mistake of letting Lehman Brothers fail. That failure sent a signal of no confidence to public in general. Lehman Brothers assets were quickly scooped up by rival firms, letting Lehman investors out in the cold. The Financials that are left wont be able to absorb any more "BIG" failures. Hank & Ben got caught flat footed.
-
The TMA shareholders took a chance with the financial community. Sub-prime loans were the cause of the down fall. The inability to provide loans (services) is why investors are running away from TMA. The product for TMA is money, and without modney there is no viable businesss model. You can't get something for nothing. The current financial market is an echo of the S&L debacle years ago. The government made the mistake of letting Lehman Brothers fail. That failure sent a signal of no confidence to public in general. Lehman Brothers assets were quickly scooped up by rival firms, letting Lehman investors out in the cold. The Financials that are left wont be able to absorb any more "BIG" failures. Hank & Ben got caught flat footed.
Dec 03 16:51 pm
|Rating:
+2
-2
All Comments by Bababooie »Big Stocks Under a Buck [View article]