Comments on: Banks, investment banks, and government – state of crisis http://blog.communitylend.com/2008/09/15/banks-investment-banks-and-government-state-of-crisis/ Starting the conversation about P2P Lending in Canada Wed, 08 Feb 2012 07:28:37 +0000 hourly 1 http://wordpress.com/ By: Joe http://blog.communitylend.com/2008/09/15/banks-investment-banks-and-government-state-of-crisis/#comment-195 Sat, 04 Oct 2008 06:57:33 +0000 http://communitylend.wordpress.com/2008/09/15/banks-investment-banks-and-government-state-of-crisis/#comment-195 I just saw a site called xwallstreeters dot com. Even with the mid-market and boutique banks Investment Banking will not be the same as it was with the big players. In fact these banks have seen what went down and they will just be even more cautious. As a career option I think IB has fallen from its high horse and we just have to rethink our alternatives ahead.

]]> By: Alan Browne http://blog.communitylend.com/2008/09/15/banks-investment-banks-and-government-state-of-crisis/#comment-170 Mon, 15 Sep 2008 15:55:05 +0000 http://communitylend.wordpress.com/2008/09/15/banks-investment-banks-and-government-state-of-crisis/#comment-170 The inevitable response to unregulated greed backed by a subterfuge of private profit and socialized losses. This time, the US gov’t is casting them to the wolves. And rightly so. There is no such thing as too big to fail. Let these failures occur, the cost of propping up incompetence is well known (Japanese economy over the past 20 years). And make financial history tests a required part of anyone dealing in finance.

It is also clear that regulation is needed to reduce complexity that hides the goings on of investment banks from the public and investors. And of course, the US needs sane mortgage lending laws. They have been all but lawless for most of the past decade.

Fear not a Great Depression, it won’t happen that way. On the other hand don’t look to your home and RRSP’s for money over the next 10 years. Invest quietly and conservatively and all will be fine.

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