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Who are the winner's of financial crisis?

Discussion in 'BBS Hangout: Debate & Discussion' started by Air Langhi, Sep 29, 2008.

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  1. Air Langhi

    Air Langhi Contributing Member

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    I think JPM and BAC are winners moving forward.

    Any others?
     
    #1 Air Langhi, Sep 29, 2008
  2. pgabriel

    pgabriel Educated Negro

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    i think local banks who aren't heavily focused on real estate lending will win out also, they will get a bunch of business
     
    #2 pgabriel, Sep 29, 2008
  3. deepblue

    deepblue Member

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    So far, Obama.
     
    #3 deepblue, Sep 29, 2008
  4. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

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    the financial terrorists
     
    #4 robbie380, Sep 29, 2008
  5. Lil Pun

    Lil Pun Member

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    That's what I am thinking. Those local or regional banks that didn't get caught up in the subprime fiasco will benefit greatly.
     
    #5 Lil Pun, Sep 29, 2008
  6. JeopardE

    JeopardE Member

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    Wells Fargo. These guys look like they're ready to hang with the big boys now. People are fleeing weaker regional banks and moving their deposits to WFC in droves, apparently. The CEO says he feels like a kid in a candy store. Their stock is trending to all time highs even as the crisis unfolds.

    JPM is by now an obvious winner, and is now quite possibly the most undervalued bank in the world--a situation that should correct itself in the coming months and years.

    Spain's Santander bank looks to be winning too. Was potentially one of the suitors for Wachovia's retail base in US and has acquired the retail network of Bradford & Bingley in the UK.
     
    #6 JeopardE, Sep 29, 2008
  7. ghettocheeze

    ghettocheeze Member

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    [​IMG]
     
    #7 ghettocheeze, Sep 29, 2008
  8. weslinder

    weslinder Member

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    Gold, silver, platinum, and China.
     
    #8 weslinder, Sep 29, 2008
  9. ima_drummer2k

    ima_drummer2k Member

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    Outgoing CEO's who get paid tens of millions of dollars to leave the company they drove into the ground.
     
    #9 ima_drummer2k, Sep 29, 2008
  10. rhadamanthus

    rhadamanthus Member

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    They got those way before the bailout...
     
    #10 rhadamanthus, Sep 29, 2008
  11. ima_drummer2k

    ima_drummer2k Member

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    I'm just talking about severance packages.
     
    #11 ima_drummer2k, Sep 29, 2008
  12. IROC it

    IROC it Member

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    Compass Bancshares is sitting pretty...


    Why?


    They were always a true conservative lender.

    They were a bank when everyone else was a Fannie & Freddie "sure, why not?" yes man.




    BTW- The Dollar is up against all currency, as pointed out by weslinder in the bailout vote thread.
     
    #12 IROC it, Sep 29, 2008
  13. JeopardE

    JeopardE Member

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    Well the dollar just took a hit with the Fed's actions, and now rumors of a rate cut abound to weaken it even further.

    Doesn't bode well for my short position on oil, which was my entire saving grace today (I love you DTO).
     
    #13 JeopardE, Sep 29, 2008
  14. BetterThanEver

    BetterThanEver Member

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    Goldman Sachs
     
    #14 BetterThanEver, Sep 29, 2008
  15. The Real Shady

    The Real Shady Member

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    Warren Buffet also agrees with this statement.
     
    #15 The Real Shady, Sep 29, 2008
  16. wakkoman

    wakkoman Member

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    That's only going to happen if there is a bailout to restore confidence. Panic can easily lead to a run on a bank. And no matter how much a bank did not have real estate lending on their balance sheet, people pulling their money out decreases liquidity and then FAIL
     
    #16 wakkoman, Sep 29, 2008
  17. Bandwagoner

    Bandwagoner Member

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    How can anyone declare a winner when the hurricane causing the problems just made landfall?
     
    #17 Bandwagoner, Sep 29, 2008
  18. Smokey

    Smokey Member

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    Thanks for the memories ghettocheeze:

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/nwH1taatvyM&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/nwH1taatvyM&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
     
    #18 Smokey, Sep 29, 2008
  19. Invisible Fan

    Invisible Fan Member

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    Doomsday cults
     
    #19 Invisible Fan, Sep 29, 2008
  20. BetterThanEver

    BetterThanEver Member

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    Hedge funds made tons of money shorting financials until the ban on short selling financials.
     
    #20 BetterThanEver, Sep 29, 2008
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