Wilhoit's Weekly Words of Wisdom
Posted on 11 May 2012 at 11:24am
Big banks have been pushing hard for changes to the Volker Rule to allow for greater flexibility in bank investments with their own money. Today's announced two billiion dollars quarterly loss at JP Morgan will close the book on that negotiation. The question arises again; can one bank take down the entire banking system? If yes, then when that bank is investing with "their money" it's really our money at risk. If yes, too big too fail remains.
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Multifamily French Fries (A Fragmented Marketplace)
Posted on 14 May 2012 at 8:04pm
Everyone has a opinion about who makes the best french fries. But McDonald's buys more potatoes and sells more french fries than anyone. The 50 biggest multifamily owners control less than 1% of U.S. housing. The multifamily marketplace is a very fragmented industry.
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