[Karen37a]

Westcoast they can give no docs loans to people with no income? I do not think they will ever do it again.

Sometimes its good for instutions to fail, it reminds us of whats good managment and bad management...like touching a hot stove "dont do that" lol. Now people who bought bonds blindly will not do that again..the will place their money in stronger banks/investments that will eventually lead to growth.

Alot of Stockbrokers will be getting their jobs back, to "make markets". Although the leverage levels will never reach previous levels again.

This is why I anticipated getting my hedge fund licence back months ago. The ability to have more speculative money given to me, so that I can participate in sydication was the end goal.

Less restrictions = more speculative money . More restrictions = less speculative money and less funding allocation for cash advances. People always think the opposite when it isnt actually true.

The market makers are doing a happy dance.


ps West coast. If you are not a fan of speculative investments, how would we ever "invest" or "lend" ( its not a loan) or buy future recivables that are non collateralized? How can we ever get any advances done if we are not a fan of speculative investements. Who the heck is giving the money away to people with bad credit, bad algorithms..we are not the bank.We are an extremly risky business model for clients who have very low grade profiles. This is high cost money not a loan. If they want a loan go to the bank, which they tried already , but do not have tax returns and if they do it says the made 1 million for the year and wrote off 9999999. $1 net profit. Dont forget the cash thats in the vault.