Got this in my E-mail this morning:
Profit Central - maui.net
MBHC, Mortgage Bankers Holding Company (MBHC OTCBB) Considering yesterdays
initial dip and this mornings light volume it appears as an excellent time
to add to our position. Also, for those of you that thought you may have
missed this opportunity this presents a nice entrance point, IMO.
Here is another factor why MBHC has turned so aggressive and more
profitable in recent months.
Fostering Growth From the Repeal of the 1933 Glass Steagall Act
As a result of the Great Depression and a chaotic banking system, the 1933
Glass Steagall Act was passed to separate banks from insurance companies
and investment firms. Nearly seventy years later, on October 22, 1999,
“Congress reached agreement to radically overhaul the nation's banking
laws so that banks, securities firms and insurance companies can move into
one another's lines of business . . . . This compromise will repeal the
1933 Glass Steagall Act” (Stockwire.com, October 25, 1999).
With this recent legislation, banks and insurers may expand their business
environment without restriction and the National Institute Companies of
America, Inc. (NICA) paves the way.
Add that excellent new management team, several new deals on the table,
and 2 new PR firms and it spells opportunity.
PC Staff
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