Thursday, January 15, 2009
What the markets are telling us!
The stock market is sending a clear message that they don't want another government bailout. Here are the banks again asking for more money after just receiving money within the last few months. Our politicians should pay attention. The markets are worried about the never ended black hole called large financial institutions. Let them fail. Smaller banks and regional banks are doing fine and are making money. Spreads on loans have widened and the profitability of banks not involved in all those sub prime loans and highly leveraged deals are actually seeing their profits go up. Maybe we need to return to small town type banking where they actually check peoples credit worthiness . There just is no point is pouring money down the black hole called our big banks and auto companies.