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Strategies & Market Trends : New US Economy Policy
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From: Arthur Tang1/21/2009 5:37:25 AM
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Since 1987, banks have merged for different reasons. Initially, banks merged for problematic management disasters. Then they merged for capital and deposit benefits. Now, banks need to merge for data center efficiency.

Atm machines make money, cashiers in branch offices lose money.

So, it is wonderful in data centers, customers will do their own banking facilities on their own time. Banks still need to have money transfer free for direct deposit type of income deposits from individuals as well as companies. Paypal will make money transfer from individuals easier.

We did merger and acquisition of banks from 25,000 to 15,000 now to 8,000 or less. Online banking made such a move feasible and efficient.

The job is for FDIC to do shotgun marriages and have Federal reserve stay at the sideline with zero interest rate at overnight discount window.

Mergers will also require banks to shelf registered stock to maintain a market on Wall street. This will give the banks more capital with their own stock in their own treasury.

Once this reform is accomplished, Wall street investment bankers will profit by arranging mergers, and have stock to satisfy short interests periodically. Market will be better maintained. Wall street will recover lost wealth on stock value. This is the primary objective.
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