Jun
06
Why are commercial banks buying out or merging with Investment banks now? ?
By
I mean I hear about all the financial crises going on but I’m not understanding it totally. I believe some of these investment firms are going belly up due to some bad debt resulting from mortgage payments or people who were not able to pay their part? I thought most of these mortgage payments from commercial or resident loans for home or business were taken from banks and not the investment banks? Why are the commercial banks in the position to purchase these companies? How will it benefit them?
Please do explain if you can.
Thank you!
Quick Property Sale
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1 Comments
June 22nd, 2009 at 11:52 pm
Humm.. no one answered.. really? Well, I dont know what’s going to happen? All I know is not that I thought about it, we are only going to have like 4 banks to choose from and we are going to start having all these fees! (well I feel like it will cause I used to have WaMu.)