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us banks reports hefty profits
chi20
#1 Posted : Wednesday, July 15, 2009 2:12:00 PM
Rank: Member


Joined: 10/24/2008
Posts: 223
latest global news indicates that about ninety percent of US banks have reported super profits in their end of fy,currently being publised locally. one wonders these institutions are largely responsible for authoring the current global meltdown,and infact they account for,either directly or guaranteeing USD 5 trillion worth of mortgages,which accounts for all the country's outstanding home loan debt,and whose shares has fallen by almost 90%.

investment gurus,kindly teach me on this like std two kid,im lost.



mwana wa kahii. . . .
itz
#2 Posted : Wednesday, July 15, 2009 4:47:00 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
Am not sure where you saw that report,all i can tell you is that its not accurate.Only one investment bank(Goldman Sachs) has reported so far.it is true though that they made about 2.7 billion profit in Q2 which just blew the street.However,this does not mean all the banks are going to make huge profits.Waiting on JP morgan,B of A and Citi reports tommorow and friday.
VituVingiSana
#3 Posted : Wednesday, July 15, 2009 6:54:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
What a crock of ***t. No way 90% are reporting super-profits.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mainat
#4 Posted : Wednesday, July 15, 2009 10:06:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Try and do your own research. Only way to to go share tidings. And stop copy and pasting 6 months old stuff.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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