First Bear Stearns goes down, then Countrywide, Indymac, Fannie Mae, Freddie Mac, and now the latest casualties of war awards goes to Merryl Lynch and Lehman Brothers. Lehman is in bankruptcy and rescue talks, while Merryl Lynch just got snatched up by Bank of America. At the rate that wall street firms are falling by the wayside, and the chaos that continues to erupt, 2008 and 2009 look like great years for business at our firm.
With so much uncertainty in the market today, our product that allows people to turn their IRA's and 401Ks into miniature private banks looks like a hit. Where else can you fire your banker and play banker yourself and clock 10%+ in a down market.
Maybe I should buy out a financial firm while the market is down, since they are so cheap. Might make a great addition to the portfolio.
You never know ;) ....
That is a great idea! I am sure with the right situated PE partner, some possible institutional investment partners, and additional offering of shares for sale in your company due to the new value of the combined company - it will get done. Especially with the new classification of bank holding companies, there is a great deal of cooperation which is now available. What do you think?
Posted by: Chuck Taylor | September 22, 2008 at 02:43 PM
I know that's right. You have a very workable plan for the future. And I could join you on the health plan to a better self. "You can do it!" Hit me back when you can.
TDD
Posted by: Terrance | September 15, 2008 at 04:11 PM