BerkeleyBob

Analyzing the U.S.'s Four Largest Banks

I agree that repassage of Glass Steagall would be a step in the right direction. Although I hold a small position in JPM ("best house on a bad block"), I remain uneasy about how its loan portfolio is valued and note that JPM appears to have made much of its net profit from trading, not lending. I long ago sold CitiGroup, and took a loss on GE because of "accounting irregularities". Although disaster may have been averted, the long term consequence of reduction of competition in the financial sector is not beneficial or in the public interest. It is mildly encouraging that the dormant Justice Department's Anti-trust division is showing signs of life...

Citigroup and Berkshire Pricing Anomalies

I have been puzzled by the disparity in PLD common and PLD preferred F. I am long both (small positions) but the PLD preferred has almost doubled in a short time. PLD has taken several steps to deleverage and reduce debt, but the preferred makes me nervous...