tom Andersen

Three Financial Stocks Worth Holding

I don't think that the established banks will do all that well in the long run.
1) Why make loans at all when the gov't money keeps coming in?
2) The people who used to make money for banks by assessing risk will have to join start ups in order to get back to real work. I think that the lower overheads and 'less herding mentality' a decentralized internet based bank can achieve will make all these institutions look like dinosaurs within a few years.
3) Who are the next banks? The Paypal types? overseas? Not likely Wall Street.