tag:blogger.com,1999:blog-32841798.post971006048839881449..comments2024-03-29T10:44:29.343+00:00Comments on Capitalists@Work: Osborne; Don't buy Bank SharesCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-32841798.post-91737038633047850142011-02-10T12:30:29.011+00:002011-02-10T12:30:29.011+00:00I have never bought bank stocks because I have no ...I have never bought bank stocks because I have no idea what I would really be buying.<br /><br />Some of their "assets" are always unsaleable and they have ways of tucking monstrous problems away on and off balance sheets. Since they sell confidence and they really exist for the benefit of executives rather than owners all the incentives are geared to misleading shareholders.<br /><br />I had a tip that the current CEO of RBS has a either a lot of shares from his incentive scheme becoming saleable. (Or was it a bonus linked to 3 -year performance?? - getting old).<br /><br />Either way - told to expect some impressive results this year end and a temporary lift in the shares.<br /><br />Even so, there are t0o many things which could destabilize them and I am not even going to hold their shares for a day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-66738186599610908502011-02-10T10:28:50.920+00:002011-02-10T10:28:50.920+00:00Anon - As do I, maybe not in different organisatio...Anon - As do I, maybe not in different organisations at the hold co, but in structures that allow retail not to cross-subsidise investment banking as a minimum.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-57357663750039380962011-02-10T08:59:59.964+00:002011-02-10T08:59:59.964+00:00I still think money lending and investment banking...I still think money lending and investment banking need separating.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-33939271506699481382011-02-10T01:24:33.524+00:002011-02-10T01:24:33.524+00:00After big financial crises the banks get shafted w...After big financial crises the banks get shafted with regulation, well, that's the historical norm.<br /><br />Thing is, after this one, the central banks are doing everything they can to up their margins.<br /><br />The idea is 'we've learned form the past' but if we'd just had a good old fashioned tarring and feathering/ducking/flogging or something then got back to 'business as usual' I reckon we'd have seen this banking thing out a lot quicker.Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.com