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No Joy on Wall Street as Biggest Banks Earn $63B


Parsad
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Good article on how banks continue to be hated, while making the largest profits since the peak of the mortgage heydays.  I especially love this quote...this guy is the head of PWC's financial advisory practice in New York...one of the dumbest things I've ever heard:

 

“We may be on the verge of a new kind of banking crisis, and that’s a banking crisis where no one wants to own any banks as an investor,” said John Garvey, head of the financial- advisory practice at PricewaterhouseCoopers LLP in New York. “The future looks very dim.”

 

http://www.bloomberg.com/news/2012-10-03/no-joy-on-wall-street-as-biggest-banks-earn-63-billion.html

 

Cheers!

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