coastaljerseyguy ✭✭✭✭✭

Well not sure comparing post GFC failures to 2023 is a meaningful analysis. Look at 2007, WAMU was probably one of the most profitable financial institutions around, as was CITI, ML, AIG, etc. Agree … (View Post)

Huh, although the GSE's, FED, and the regulators share a lot of the blame, the banks, retail & investment, namely WAMU, ML, Lehman, Wachovia, etc caused the 2008 crash with their leverage and que… (View Post)

Not all toning progresses, and will say most never progress to terminal when removed from primary source of interacting agent. (View Post)

That's why they all have a myriad of shadow subsidiaries. I use to work for 1 of the largest broker/dealer banks pre the 2008/09 crash. Was doing an audit of the Accounting Dept. The holding company … (View Post)

Exactly right. As a longer term holding for their customers, brokers make more from the 25 - 50 bps fee they get annually vs the one time ticket charge. Buy it and forget it until you need the funds. (View Post)