I will say it again. 87 to 91 was the cliff notes version
of 2000-2010. We went through all the same steps. We
had the RTC in 89, good bank, bad bank, the recession in 90.
It took forever for trust to come back to the banks even though
there was appreciation ( small). I coined my phrase "lepracy
factor" back then. If clients would rather talk about having
lepracy than buy an asset class, it was time to buy.
I think there will be a stigma on NY banks and leadership will
change hands, BAC and WFC may be the new leaders going forward.
This is not investment advice. I don't know if it make
sense at all. As always DYODD
Banks
I like the banks
Posted by ralph on 27th of Feb 2009 at 01:49 pm
I will say it again. 87 to 91 was the cliff notes version of 2000-2010. We went through all the same steps. We had the RTC in 89, good bank, bad bank, the recession in 90. It took forever for trust to come back to the banks even though there was appreciation ( small). I coined my phrase "lepracy factor" back then. If clients would rather talk about having lepracy than buy an asset class, it was time to buy.
I think there will be a stigma on NY banks and leadership will change hands, BAC and WFC may be the new leaders going forward.
This is not investment advice. I don't know if it make sense at all. As always DYODD
Ralph
what if the gov't takes
Posted by PA on 27th of Feb 2009 at 01:51 pm
what if the gov't takes them all over 'for their own good"? what will they be worth then?