My route to I-Banking

msl2008
Sat, 17 Jan 2009 23:22:20 +0000

i am not saying by any means that ibanking is over. all i am saying is that the astronomical profits and bonuses that wall st has been getting in the recent past is over (at least for a few years). having to keep more money on hand means you cannot make as much unless your return % is greater. if you used to be required to keep $1 for every $100 you had, you would make a lot more money (assuming the same return) then if you were required to keep $15. so from a profit perspective, ibanking is going to see a decline at least in the near term. and i am not calling an apocalypse by any means either…however, i do have some worries as to what will happen once this recession is over. a funny thing i’ve been thinking about is that the us govt is exactly like the us consumer…we borrow borrow borrow and spend way more than we make…what’s going to happen when people start calling in our debts? not to mention the fact that we are against madoff all the way for his ponzi scheme, yet the way i see it, the social security system is the exact same thing is it not (taking the new money to pay off the old debts)? should be an interesting future for america…hmom you’re lucky you’re in your 50s…cuz somehow i think me and my generation will be having a rough time when you guys are long gone…