US Investment Banks Seen Riskier Than Third World Countries

US Investment Banks Seen Riskier Than Third World Countries

Reuters   |   Peter Apps   |   March 18, 2008 01:07 PM


RSS stumble digg reddit del.ico.us news trust mixx.com

Turmoil and uncertainty over some of Wall Street's best-known investment banks has left some facing rougher market conditions that price them as riskier than developing countries or banks in volatile areas of the world.

Seen for decades as the power brokers in emerging market finance, Wall St firms' sudden underdog status points to the magnitude of fear surrounding them -- and perhaps a degree of confidence in the longer-term stability of developing countries.


 
 

Comments
34
Pending Comments
0

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Page: 1 2 Next › Last » (2 pages total)
- monkee See Profile I'm a Fan of monkee permalink

I think Borat said it best when he said "Sexy time".
http://www.monkeychapps.com/

    Favorite    Flag as abusive Posted 07:43 PM on 03/18/2008
- darker See Profile I'm a Fan of darker permalink

BORAT!! BORAT FOR PREZZIDENT!!

    Favorite    Flag as abusive Posted 07:37 PM on 03/18/2008
- ipitombi See Profile I'm a Fan of ipitombi permalink

Nigerians should be insulted. Nothing could be riskier than investing in Nigeria. Throwing money in the incinerator could not be riskier than investing in Nigeria. When it comes to crookedness, Lagos Nigeria remains number 1

    Favorite    Flag as abusive Posted 06:37 PM on 03/18/2008
- zizyphus See Profile I'm a Fan of zizyphus permalink

Aren't investment banks just fronts to launder all the money from the sales of arms and drugs? Why should we be bailing them out? The trade in those commodities isn't stopping any time soon.

    Favorite    Flag as abusive Posted 06:37 PM on 03/18/2008
- nicho See Profile I'm a Fan of nicho permalink

We'll know the game is over when Bernanke comes out to announce a rate cut wearing a lime-green thong, a la Borat!

    Favorite    Flag as abusive Posted 06:04 PM on 03/18/2008
- owiseone See Profile I'm a Fan of owiseone permalink

Reuters reported yesterday that US tourists in Amsterdam had trouble finding anyplace which would exchange their dollars into Euros, the dollar is falling so fast.
Not only has the US lost respect in the world, we now have put a huge dent in their economies along with our own. We are now the late, great USA. So sad.

    Favorite    Flag as abusive Posted 05:34 PM on 03/18/2008
- Nochnoi See Profile I'm a Fan of Nochnoi permalink

And the dollar used to be a standard to measure other currency against.... hahahaha.... not anymore

    Favorite    Flag as abusive Posted 06:44 PM on 03/18/2008
- gcallaghan See Profile I'm a Fan of gcallaghan permalink

The dollar's decline is brought to you in its entirety courtesy of Bushco.

    Favorite    Flag as abusive Posted 06:58 AM on 03/19/2008
- realitytrumpsbull See Profile I'm a Fan of realitytrumpsbull permalink

LOLOL in one way, this is a Good Thing, because I think that markets need to localize to be more effective. Furthermore, if other countries have their own little things happening, then we stand less of a risk of being victimized by 'bums rush' economix...and, finally, ALL investing is a risk. 'Investment capital' is money that you can stand to lose and not have to go out and cash in your life insurance policy over. Investing is a rich man's game, interesting practice of suckering in the small fry, in recent times, in my view...

    Favorite    Flag as abusive Posted 05:31 PM on 03/18/2008
- gcallaghan See Profile I'm a Fan of gcallaghan permalink

suckering in the small fry coincided with Vegas changing its image to appeal to entire families - no longer content with getting daddy's and mommy's mortgage payment, they wanted the kid's allowances, too.

    Favorite    Flag as abusive Posted 07:01 AM on 03/19/2008
- obongg See Profile I'm a Fan of obongg permalink

i lived in lagos and other parts of nigeria. i dont find it a surprise that its less risky to invest in nigeria considering how well its financial markets have been doing these days. headlines like this one will sound silly in the following years when nigeria's financial markets make positive waves worldwide.

    Favorite    Flag as abusive Posted 05:08 PM on 03/18/2008
- nogop See Profile I'm a Fan of nogop permalink

HOW ARE WE DOIN' AGAINST THE NORTH AND SOUTH POLE BANKING SYSTEMS???

    Favorite    Flag as abusive Posted 04:29 PM on 03/18/2008
- Nochnoi See Profile I'm a Fan of Nochnoi permalink

The north pole is quite the Bear market.... and the south pole is for the birds..... I would try Tonga...

    Favorite    Flag as abusive Posted 05:23 PM on 03/18/2008
- PacificGatePost See Profile I'm a Fan of PacificGatePost permalink

It is amazing how much "truth" comes out in the comments here, including the sarcastic or angry ones.

Cheers, and good posting.

    Favorite    Flag as abusive Posted 04:28 PM on 03/18/2008
- spec4F See Profile I'm a Fan of spec4F permalink

Hi five Mr. boosh. This make Borat very happy.

    Favorite    Flag as abusive Posted 04:20 PM on 03/18/2008
- Huffyfan See Profile I'm a Fan of Huffyfan permalink

Most the rich Arabs in the Middle east must be crying now . Serves them right , instead of investing in the Arab world and helping it move forward .

    Favorite    Flag as abusive Posted 03:57 PM on 03/18/2008
- HermioneGranger See Profile I'm a Fan of HermioneGranger permalink

One of the rather worrying parts is that Arab are now rushing to bail banks out, i.e. buying them for cheap, namely Citibank, but also Merrill Lynch. This is not good news.

    Favorite    Flag as abusive Posted 06:59 PM on 03/18/2008
- PacificGatePost See Profile I'm a Fan of PacificGatePost permalink

Perhaps it's because we didn't pay their executives enough to pay attention.

Repair the boardroom. Control shifted in the past 30 years, and now due diligence and oversight are out the window.¨

http://pacificgatepost.blogspot.com/2008/03/letter-to-ceos-of-fortune-1000-cos.html

    Favorite    Flag as abusive Posted 03:36 PM on 03/18/2008
- lisakaz See Profile I'm a Fan of lisakaz permalink

Very niiiiiice. Bu$h always wanted to be a dictator; banana republic, here we are.

    Favorite    Flag as abusive Posted 03:14 PM on 03/18/2008
- UltraClassic See Profile I'm a Fan of UltraClassic permalink

US banks more risky than Nigeria? Well that just goes to show you what idiots will say or do. Any of you Huff-O-Matics that in fact believe this need to get with it and switch over. Yah, that's what I thought, no takers.

Pure political hot air for the consumers of this type of nonsense, that's what this is.

    Favorite    Flag as abusive Posted 02:58 PM on 03/18/2008
Page: 1 2 Next › Last » (2 pages total)
Comments are closed for this entry

You must be logged in to reply to this comment. Log in