Even in Waterloo Ontario can win victories

Hunt the natural, it is up to the gallop. It is not illogical to see Goldman Sachs or JP Morgan Chase consider to buy toxic assets from their counterparts by taking advantage of the Geithner plan, intended to rid them. Institutions struggling to identify the sources of profit sufficient for clear their balance may not long resist the lure of a device where the State takes 92 of the final loss risk and the 8 investor. See Citigroup hesitate between becoming a seller of assets, purchaser or future auctions also shows that the ex-mastodontes of finance continue to want to win on all the tables, even attracting the ire of Congress. This large washing machine cannot yet function to sum zero. The buyers realize profits unless sellers take their losses. And the reappearance of a liquidity at low prices for assets that the banks had frozen with the accounting flexibility will compel to other impairments. Wall Street will not escape Darwin.

Time of reflection

Painful decisions must be mature, but the time of the reflection is not given to everyone. When sir Goodwin, the ex-patron of Royal Bank of Scotland, may be pondering the possibility of pay retirement 770.000 euros per year to charitable organizations, as the suggested that the current President, 70 Scottish, State-owned bank, must respond to the urgency to regain the trust of its shareholders. Having dropped two and a half times faster that European Bank values since January, its title has never exceeded the price of subscription to the capital increase of EUR 5.5 billion which ends. The suspense is not untenable because it is fully guaranteed by the State. It is a little more with regard to the new management plan. If it is not overly ambitious, the term goal net profitability of 15 of the equity would need a profit more than two and a half of the 2008 excluding impairment losses due to the acquisition of ABN AMRO and the activity of investment bank. Cost savings of 2.5 billion pounds planned in three years could fill the differential. Only consolation for the Scots, the kilt is in fashion for a long time in the banking sector.

Without apparent motive

Frequently asked illusions is not reserved to the fairgrounds. Between Palm, the star entangled in its aging terminals, and Research in Motion, the father of the BlackBerry, this new attribute of the power that continues to gain market share, investors had made a strange choice. Worried about the effects of his offensive to the individuals on the profitability of RIM, is Palm, who moved to promise them a new mobile to here in the summer, they were given preference despite a turnover in full rout. The Californian has been realized that 85 million in sales in the last quarter, a new decline of 70, while that profits and sales of RIM, number two world of smartphones behind Nokia, continued to reach billions. Value yet the stock market the first which has doubled in one year, from $ 600 million to over $ 1 billion, while that of the latter was divided by two, dropping up to 30 billion before its brutal 35 rise the last few days. Because the market finally opened her eyes, seduced by the results and the delivered prospects by RIM, also pink that his last model public. Its historical margin of 50 had been slightly eroded but she is already back and groups having posted increases of 26 in the last quarter profits are not so frequent. Even in Waterloo, Ontario, can win victories.