I think there are way too many financial analysts making partly educated guesses, giving away too many differentiated opinions that it's throwing the financial market off to an even bigger tangent than it is. As much right as investors have to be panicked about the current state of the market, I think the exaggerated difference of opinions from analysts creates an unnecessary investment hostility for not only the institutional clients, but creates a spillover effect onto the general public investors, furthering the "damage" on the economic market.
Also, all this mergers and buyouts of banks by a major bank makes it a super scary world, in terms of financial institutional control. It'll just be Bank of America and Citigroup who will become major banks of U.S.A., which means that there'll be less competition against the "smaller" banks (whatever small bank that is able to survive this turbulent times), and eventually, they will either team up or be bought out by the other, which I believe, the general public (especially the national citizens) and the government will suffer for, due to incurred fees (furthering their bank profit) and financial control of their domestic market (the chartered banks having more control of the market than the national government bank).
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I've been loving this song! Enjoy!
Monday, September 15, 2008
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