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WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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+Bonus: Get 27 financial modeling templates in swipe file
I think republicans are going for the jugular too quickly and are showing their hand. They need to focus on big issues first before they go after ones that are politically motivated.
So, stupid question?
Say the Volker Rule gets enacted. It won't really hurt US competitiveness, banks will just spin off their divisions. Profit making centers are still going to be profit making centers, they'll just be at other companies or be their own institution. It will make the banking system safer by protecting against "too big to fail" too.
So, is this guy legit or is he just getting paid off by somebody to say what he's saying?
There is more too it, but a spin off is not the same as a bank. These spin offs need to be capitalized and there will be a higher cost of capital to go along with the higher credit risk. There will be a loss of liquidity.
Well sure, sure. I get that. But, for example, GS sold their traders to KKR to shore up their PE business (their not doing so well according to today's WSJ). But they still have enough liquidity, they're just at a slightly smaller institution.
What about the rumours that they can disguise it as flo trading and place the closing order above/below market allowing them to close out their positions whenever?
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