Yes! I'm not thinking "hats".. no one wears hats. I'm more studying a tin-foil dress line to debut in Milan this spring!
Although depending on commodities prices I might have to substitute materials.
 Quote:
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Portfolio lenders (i.e. traditional banks that make and hold loans) will show increased loss provisioning for a while, but for most of them this will amount to a modest decrease in earnings that will likely be offset by other factors (drop in rates, fatter spreads, etc.) and not be a threat to capital or solvency.
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It's just hard for me to see this. 'Fatter spread' implies there's somewhere better to put the money to work.. is there? As for capital I don't know if it was WaMu or Wachovia that just sold shares for $7 billion or something. Sounds like banks still need more and more and more capital. Third-hand reporting on a comment thread elsewhere saying "this is great for W*** stock, since now they have more capital!!" Argh.
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