suits in command going to nothingLots of money being spent on adverts in papers. Great for the newspapers and they need the dollars. Would anybody give funds to a bank that may not make it unless there were fantastic high rates? Would anybody risk their capital for a percentage point? I am afraid this strategy will not replace the funding hcg needs to make it.
This is going to be a protracted event. There will be many trading opportunities for the bulls and the bears. We need to have fun. Please no slander and no insults.
One of the high points of fun will be to see how our suits will reward themselves. It does not appear there is a lot of over sight on hcg. We will get see well tailored, many degreed and well politically connected fairness in action. The options, the rewards and the salaries will reflect the suits' understanding of the dire needs of hcg.
Cost of funds have risen greatly, revenues are down, few deposits, trying to sell best liquid assets, many unsalable assets, no tier one capital, debt payments due in the short term, the big banks are not offering a loan. balance sheet ruined. it is these facts that will guide those in command. soon we shall see the vast sums they will invest in the company and its road to "greatness".