Anthony Truong ‘Are US banks REALLY profitable?’ – Commentary – 22 April 2009

Various US banks, including Bank of America, Citigroup and Goldman Sachs, have recently released ‘better than expected’ quarterly results, causing some commentators to claim that the banking crisis is over, and that perhaps TARP wasn’t needed in the first place to save the financial system.
What’s interesting about these quarterly results isn’t so much the numbers [...]


‘Exciting times!’ – Commentary – 21 September 2008
comment No Comments Written by Anthony Truong on September 21, 2008 – 12:56 am

What an exciting few weeks it has been! The rally on Thursday and Friday were much stronger than expected, but my view remains unchanged at this point. Stay tuned this week for a major announcement from Congress; they’re trying to put together a rescue bill by the end of the week that has a tentative price tag of $700 billion!

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