BIG winner of the downturn 2008-2009:

Hi I wanted to ask you about which banks emerged as the biggest winners of the last 2 3 yrs? downturn + what-looks-like a recovery period?

And which major companies / industries have according to you had a great credit crunch??

PS: Don't think that GS is the obvious answer because it was not far behind John Mack's MS at some point and was termed as 'human' by the WSJ! :p

 

MS is obviously a loser, back in the day it was just GS and MS and since then MS has lost a lot of top traders and talent as well as profit. They are pretty much a middle BB and in terms of their S&T and AM, they suckass and it is incomparable to GS anymore. IBD is still okay.

I would agree that BoA is a loser because those retards in Charlotte had the nerve to buy a great BB giant like Merrill Lynch, forever tainting legacy and causing a lot of talent to leave.

Anyways, biggest winner is JPM. Biggest loser is UBS.

 

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