Headlines

Finally, O-man listens to someone that knows what they are doing

LaughingCat

LaughingCat

New member
Obama finally decided to side-step his hacks Geithner and Summers to hear what Paul Volcker has been yelling. Time to reinstate massive regulations to stop the big banks for getting bigger and risking our economy. While he hasn't gone far enough (like reinstating the Glass-Steagall Act or Naked Short Sale rule) this is a good first step.

This effects us all and everyone should pay attention.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ag5o6McbNc6o&pos=4
 
Agree- a very good move. Surprised the wingnuts haven't found something to complain about already. Would love to see reinstatement of Glass-Steagall, seems like a no-brainer, but this is the gubment we be talkin about.

Never been a fan of Geithner or Summers, either. Both are way too entrenced with the system, but maybe there's no other alternative to that.
 
This was really well received by the market today. :)

Maybe by Friday we can reverse all the gains for the year.
 
It's heading back up. Once the initial shock wore off, I think most are seeing bank regulation as a good thing preventing another complete financial collapse.

Bank bonds were in focus in the corporate bond markets Thursday, holding mostly steady as solid earnings reports outweighed any uncertainty caused by the government's proposal to limit large banks' size and risk-taking.

chart


Dow 10,411.65 -191.50 (-1.81%)
S&P 500 1,119.57 -18.47 (-1.62%)
Nasdaq 2,270.01 -21.24 (-0.93%)
 
Stocks slide as Obama calls for tougher bank rules

The overall market is down because the Feds are FINALLY going to regulate the out-of-control financial industry. I see this as way overdue!

Tightening the rules on risk-taking and trading at banks could hurt profits at those companies. Obama said he would seek to limit the size and complexity of large financial companies so that a bank's collapse wouldn't endanger the overall financial system.

The move could mean sweeping changes for how big financial institutions like Bank of America and JPMorgan Chase & Co. are structured. Bank of America shares fell 7 percent, while JPMorgan lost 6 percent.
 
This has to stop!!! :mad:

Goldman Posts Record 4Q Profit

Goldman Sachs takes taxpayer money, makes huge profits with it, and then pays back the money.

The most profitable bank on Wall Street capped off a record year with quarterly earnings of nearly $5 billion, an amount that eclipsed the combined returns of rivals JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), Citigroup Inc. (C), and Bank of America Corp. (BAC).

I want the Feds to loan me Billions of dollars in a recession. I bet I could make record profits with it too!

It's so unfair to conservative businesses which play by the rules. :(
 
Next they need to work on their salaries. A 90% cut will bring them back to where they were with respect to overall economy salaries about 10-12 years ago before the massive "me first" run-up. A 90% cut in the wall street bonuses would be a good start too.

-greg
 
GregP said:
Next they need to work on their salaries. A 90% cut will bring them back to where they were with respect to overall economy salaries about 10-12 years ago before the massive "me first" run-up. A 90% cut in the wall street bonuses would be a good start too.

-greg
Click to expand...


That's easy to solve. Break up the big banks like Ma Bell. All the little CEOs might get paid the same collective amount, but each gets a small piece of the pie. I know there are plenty of purist capitalists that would cry foul. But there are some things too dangerous to exist in our economy. Banks that are too big to let fail are certainly one of them.

They should adjust the name. They are too-big-to-fail. They could fail, but destroy us all on the way down. It's too-big-to-let-fail.
 
Tommy Gun said:
Google top line not good.
Click to expand...

Topline?

What Does Top Line Mean?
A reference to the gross sales or revenues of a company, or an allusion to a course of action that increases or reduces revenues. The "top" reference relates to the fact that on a company's income statement, the first line at the top of the page is generally reserved for gross sales or revenue. A company that increases its revenues is said to be "growing its top line", or "generating top-line growth".

This contrasts with net income (or net earnings per share), which is usually the bottom line of the company's income statement.


Investopedia explains Top Line
While there are number of different business models that have proved to be successful, every company is faced with the two simple goals of:

1. Growing revenues, or generating top-line growth
2. Growing net income, or generating bottom-line growth.

Part of the reason why the term is used so often is that it clarifies minor nuances between the sources of revenue, whether it's from selling a product, collecting interest or servicing an account. "Top-line" is broad enough to include all of the company revenues into one category prior to calculating other income statement metrics such as operating profit and net income.
 
Try reading the footnotes of a company's financial statements and 10_Q's. Many times, they book one time windfalls but only note then in the footnotes, which no one reads.
 
You must log in or register to reply here.
Back
Top