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Non-Tech : Banks--- Betting on the recovery
WFC 86.12+0.1%Nov 10 3:59 PM EST
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To: Road Walker who wrote (858)4/24/2010 10:45:41 AM
From: Asymmetric1 Recommendation  Read Replies (1) of 1428
 
When everything gets said and done, regulation gets factored in
as just another cost of doing business. My focus is more on
the turnaround, recovery in the banking sector, and the end of
loose and reckless lending standards. I am in favor of regulation,
and stiff ones at that, and vigorous enforcement. The damage to
the banking sector in my book was caused obscene and improper
pay incentives, fraud, and a lack of accountability. Banks have
shown an utter inability to discipline themselves, so let the discipline
come from without. Banks have done far, far more damage to
themselves, and to the national and world economy, by themselves,
to themselves than any outside government regulation.

- A.
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