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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17779)2/16/2016 10:58:02 AM
From: robert b furman1 Recommendation

Recommended By
3bar

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HI John,

I find it interesting that when the 2007 credit crisis is all done and over with - the investment banks are no more.

Citi had to be bailed out
GS played it brilliantly by hedging big and early.

The two above were granted FDIC status via emergency grants.

The rest of the the FDIC banks that were too big to fail were bigger at the end.

The remaining banks worked at creating capital that was lost (eliminating and reducing dividends)

The government is now in the business of mortgage writing the majority of mortgages several banks do service their own.

It does seem coincidental that for a while after the crisis was solved - many big banks got into the commodity business - it seemed to me that they extracted from China a huge profit as their seemingly unending demand assured they paid a big price for everything they devoured.

Then Dodd Frank made a forced pull out of commodities and the super cycle was over (I suspect a huge amount was made on the short side as well.

Just saying that's how I remember it.

Good to read your posts.

Bob
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