kinda hot in these rhinos
Join Date: Jun 2008
Location: Dundalk, MD
Re: Your thoughts on Banker's Profits
I didnt read the entire article because of boredom... but for the half of it i did read, I would say that you are partly correct in saying the companies were able to transfer out bad investments and now have a cleaner slate to work with.
false profits? im not so sure about that, misleading investors with false profits is now illegal as enron stockholders could have told you. Saying you are making more money then you actually are is a no no in the investment world.
if you are insinuating that there is some form of hiding or misrepresenting of the profits, or them being a touch inflated... that could be a possibility, but I highly doubt they are doing so.
A fresh start with the clean slate is the most likely scenario