Too Big To Fail Banks [INFOGRAPHIC]
Legislation continues to lag TBTF growth and the public suffers from an increasing lack of faith that these institutions will ever be reined back in again. Surveys reveal the belief that government is more the captive than the master of these institutions, and their interests are being furthered at the expense of the suffering public.
Governments might point to the more than 20 billion dollars in fines and penalties imposed on just a single TBTF player, JP Morgan Chase, in the single year of 2013 as proof that their reforms are working. However, the public is more likely to note the massive level of abuse that would warrant 20 billion in fines, as well as the probability that only a portion of the financial rapacity was ever uncovered.
Steve Cohen alum up 22% YTD explains why you should ignore those old market adages
Prentice Capital Long/ Short Equity Fund was up 2.7% net for the third quarter. Year to date through the end of September, the fund is up 21.9% net. The S&P 500 was up 8.9% for the third quarter and 5.6% for the first nine months of the year. Q3 2020 hedge fund letters, conferences and Read More