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<p>[QUOTE="GoldFinger1969, post: 25290045, member: 73489"]Charley, I just let the facts and the numbers speak for themselves. I see the wealth creation in the tech and social media landscape DWARF any huge moneies made in banking, even for Wall Street banks.</p><p><br /></p><p>Folks are even leaving Goldman Sachs to start their own hedge funds. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p><b>If the banks were as all-powerful as everyone wants to believe, they'd be doing alot better.</b> Citibank wouldn't be 1/10th the level of 15 years ago and BankAmerica wouldn't be 40% lower.</p><p><br /></p><p>As someone who has invested in bank stocks for over 35 years, I can tell you <b><span style="color: #ff0000">the landscape SUCKS. </span></b><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> Need major consolidation and a better economy and more favorable Fed policy to generate even 12-15% ROEs for most banks (a few biggies like JP Morgan excepted).[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25290045, member: 73489"]Charley, I just let the facts and the numbers speak for themselves. I see the wealth creation in the tech and social media landscape DWARF any huge moneies made in banking, even for Wall Street banks. Folks are even leaving Goldman Sachs to start their own hedge funds. :wideyed: [B]If the banks were as all-powerful as everyone wants to believe, they'd be doing alot better.[/B] Citibank wouldn't be 1/10th the level of 15 years ago and BankAmerica wouldn't be 40% lower. As someone who has invested in bank stocks for over 35 years, I can tell you [B][COLOR=#ff0000]the landscape SUCKS. [/COLOR][/B]:D Need major consolidation and a better economy and more favorable Fed policy to generate even 12-15% ROEs for most banks (a few biggies like JP Morgan excepted).[/QUOTE]
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