http://news.bbc.co.uk/2/hi/business/8091689.stm
Quote:
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Ten of the largest US banks will be able to repay $68bn in government bail-out money, the US Treasury says, a sign the financial crisis is easing.
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There are some caveats toward the end of that report, but at least it means the banks concerned are confident they can make enough profit to pay off their debts right? I know my bank that I invested in when it hit rock bottom at 22? a share (invested at ?25) is nearly back to it's pre-August price of 73?, and this is a bank in Europe that got hit damn hard because of trading scandals, economic downturn etc.
12 months from now, we're back to September 2008?
Things have got to be turning.... I put in 10k? back in September (a few threads in GFY about it, with lots of "you're dumb shit etc), and already it's yielded 5k? in cashed in stocks and the rest are net +3k. ALL the stocks were "high risk/hardest hit by the economy", and only 1 (Arcelormittal) is showing a loss, but any day now it will break to a profit.