Credit Debacle the start of an imminent Recession

[TheAbyss]

I am with you there UF.

The statement indicated that of the banks profitable customers, 20% of those contrubuted 130% of their total profits.

This does not indicate that the banks lose on 80% of their customers. The % of losers to profitable customers is not able to be calculated from the information given.

 

[nioka]

I am with you there UF.

The statement indicated that of the banks profitable customers, 20% of those contrubuted 130% of their total profits.

This does not indicate that the banks lose on 80% of their customers. The % of losers to profitable customers is not able to be calculated from the information given.

Nor does it say which customers it finds profitable. Some small customers may be profitable because of the high bank fees and charges whereas some of their larger customers may not be profitable because of the deals they get. Bank staff are also probably included in the unprofitable ones because of the deals they get on fees and loans.
Regardless of where the profit comes from they make sure they get it from somewhere.

 

[sassa]

Let's see what happens with the proposed KKR buyout of First Data Corp for $29b The Wallstreeters will be trying to see if the investors will take on risk again.Will the deal make it to the markets? or will the banks hold the debt?or will the deal fall?

Stumble on Sept.12.Credit Suisse and KKR could not agree on pricing and how much debt lenders will TRY to sell to investors.At the moment there are $390b.in buyouts in the pipeline.This is a true test of the market.

 

[Ageo]

BUMP!

I was searching some old threads and came across this 1. I think the very 1st post made excellent reading.

 

[lumpdum]

BUMP!

I was searching some old threads and came across this 1. I think the very 1st post made excellent reading.

The prognostications were interesting. Aaah hindsight!