Depression Over?...No Way

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	Depression Over?...No Way

crafty1

7-21-2009 9:15 AM

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tags:

finance, currency, depression

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/10375d52-47d9-49d2-9f3e-3df45e0778f8/25FC9352-7EAB-47B7-9DC5-39A35CF707B3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currencytradingpro.com/as-we-all-know-a344.html" href="http://currencytradingpro.com/as-we-all-know-a344.html" style="font-size: 11px;">currencytradingpro.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencytradingpro.com/as-we-all-know-a344.html"><DIV>Friday, <STRONG>two more 
banks - the Bank of America and Citigroup - announced impressive 
results.</STRONG> Between them, they made $5.4 billion in the last 
quarter.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencytradingpro.com/as-we-all-know-a344.html"><DIV>These follow announcements earlier in the week from JPMorgan and 
Goldman. As reported in this space, Goldman set the pace by reporting that it 
has managed to earn more than $1 billion per month, in the 2nd quarter of this 
year. It said it did so by helping clients raise money...refinance...and 
restructure. Deals. Deals. Deals.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencytradingpro.com/as-we-all-know-a344.html"><DIV>Goldman made so much money that it has 
set aside more than $11 billion so far this year in compensation for its 
executives - or about half of its revenues, according to <EM>The Economist</EM>. 
During the same period, shareholders got $4.4 billion, barely a third as 
much.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/25FC9352-7EAB-47B7-9DC5-39A35CF707B3/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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