tag:blogger.com,1999:blog-3782644139927778760.post-21891515041865438162007-10-27T11:45:00.000-04:002007-10-27T11:45:00.000-04:002007-10-27T11:45:00.000-04:00The future of the investment banking business lies in the merger of themselves with retail banks or finding retail banks as acquirers. On this topic the M Lynch chairman is lucid, though too late for bargaining power. Rest assured you will see many of these attempts the I Banks are so cleaver that they will move in despair and not in strength.<BR/>Resources are going to be scarce; funding is an issue as they deploy most of the Fed gratuities in non-performing assets. The M/A financing is beyond their means, they have screwed their chance to securitize anything after their foray in the sub prime loans.<BR/>Their traditional business brokerage of stocks and bonds have known their best days, long term interest rates for the next decade ought to be up (neglecting the next short term cyclical downwards course)Anonymousnoreply@blogger.com