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MajorBob04 (98.98)

July 2012

Recs

19

MY FOOLIVERSARY: What I’ve learned in 3 years

July 23, 2012 – Comments (12) | RELATED TICKERS: AAPL , GLW , ZIP.DL2

MY FOOLIVERSARY: What I’ve learned in 3 years  [more]

Recs

3

When Will the Banking Industry Clean Itself Up

July 23, 2012 – Comments (8) | RELATED TICKERS: MS , WFC , BAC

I really don’t expect the banking industry to clean itself up.  Back in the ‘90’s I was annoyed that they were considering permitting banks to expand.  I was frustrated when the Glass-Steagall Act was repealed, and of course I was shocked when I read all the stories of what happened during the financial crisis. But I don’t think the banking industry will clean itself up.  Sure they’ve made tremendous strides cleaning up their books, tightening lending, reducing risk, and controlling “rogue” traders (compared to their total risk), BUT until the executives are truly held accountable, and that includes firing them or reducing their pay significantly, I don’t think there will be enough progress.   [more]

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