“Assisted Living”

Are the too-big-to-fail banks suddenly healthy? Call me skeptical, for all the reasons listed below:

Take any industry you like, eliminate half of the combatants, and give the remainder fat government guarantees, free money and relaxed accounting standards, and JPMorgan Chase & Co’s second-quarter profit of $2.7 billion doesn’t look so remarkable. Even a U.S. automaker could make a buck or three under those conditions.

Mark Gilbert, “Goldman Toaster Alone Can’t Re-Heat Global Economy“; Bloomberg (8/13/09)

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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