It cracks me up to see all of sudden all the banks making big profits

maserati

It's hard to imagine that they were on verge of bankruptcy last year and couldn't have survived without hundreds of billions of aids from the US government. With economy still being a terrible shape most of blue chip non-financial companies reported huge drops in profits. Make-to-market accounting is tossed into air so are the huge writeoffs for banks. Those risky financial instrutments like CDOs are nothing but  but a massive Ponzi scheme. What separates them from the actions of Bernard Madoff is that CDOs are legal. But instead of punishing those Wall Street thieves, the US government covered their asses and rewarded them. What they don't know is that the most important thing they lost in this crisis is trust which will takes decades of time to rebuild it.

soulvirus

It's hard to imagine that they were on verge of bankruptcy last year and couldn't have survived without hundreds of billions of aids from the US government. With economy still being a terrible shape m ...
maserati 发表于 2009-7-17 09:07

ychen222

It just looks like a game of riches/upper class. And middle class people’s 401K became 201K in the mean time.

purety

貌似银行也是靠trading在赚钱
信用卡之类的还是和大家保持同步滴

dara

interest low, companies busy get debts.
lots of secondary offerings

that's how gs/jpm reports show

colderdown

1# maserati

I don't agree with you. C did make money, however, it can't make money by sell its butt off forever. Nevertheless, it makes money today.

happylux

1# maserati
博傻阶段，不能太清醒。

bear!

if people do not have short memory

戒急用忍

美国联邦就是靠ponzi系统来活着，从任何一个角度，SSN都是一个彻头彻尾的ponzi系统

hotday

STOCK MARKET = "Ponzi scheme", unfortunately.

mary666

ding

hithere

Well said. For me, even the whole entire wall street is a ponzi scheme ... they don't need to rebuild their trust, they are living by lies.

nasd

美国联邦就是靠ponzi系统来活着，从任何一个角度，SSN都是一个彻头彻尾的ponzi系统
戒急用忍 发表于 2009-7-17 09:42

bear!

thanks

soulvirus

义愤填膺没用,还是跟着mm走吧

coexist

义愤填膺没用,还是跟着mm走吧
soulvirus 发表于 2009-7-17 17:18

同意

ROOKIE2

good point, keep same pace with MM, you live, or you die。is there any member of MM in here?

fzfz

貌似银行也是靠trading在赚钱
信用卡之类的还是和大家保持同步滴
purety 发表于 2009-7-17 09:14

HH也贡献银行不少。               

vermont

唱衰已经开始
http://finance.yahoo.com/news/Ba ... p;asset=&ccode=