On Thu, Sep 18, 2008 at 9:31 AM, Judah wrote: > I'll be curious to see if its true that there won't be any big investment > banks. I'm concerned that its going in the other direction, that an even > smaller handful of banks are buying the losers in this shell game at a fire > sale price, aided and supported by the government, when in a less panicked > market, those sales would be almost certainly blocked by antitrust concerns. > And I worry that when we finally get out of this mess, we'll end up with a > small number of even larger players who's influence will have even more > impact on the direction of the markets in general and certain stocks and > sectors in particular, thus setting up the markets for manipulation rather > than competition.
That's a risk, no doubt. Commercial banks are more risk-averse than investment banks, and I wonder what the dynamic will be when the commercial banks incorporate the investment banks into their operations. Will it make the commercial banks take more risks, or will it effectively kill risk-taking by investment banks? A little of both, maybe. I also wonder what is going to happen globally. Financial markets around the world are getting rocked right now, and no one has any answers. The Fed, ECB and BOJ are just throwing money at the problem, hoping to stem the tide. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270014 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
