mikeg3

Large Banks' Net Income History

Please explain the headings FY1, FY2, and FY3.

Banking Sector: Band-Aids Just Won't Do It

My understanding is that a lot of GSE stock is held by other financial institutions. Wipe out the stock and the banks, etc., take a big write-off (not just a write-down) and need to raise more capital at a bad time.

Of course the shorts writing for Seeking Alpha will be thrilled.