April 22, 2009

How to make your bank profitable

First of all, get rid of that silly notion that you need to generate more revenue.  Comon, that is Old fashion Free Market kind of stupidity that has never worked in the last 300 years.  Right???

If your Goldman Sachs, you change your reporting calendar, effectively erasing the impact of a $1.5 billion loss in December.

Or like Bank of America sell your shares in China Construction Bank to book a big one-time profit! you could also book a $2.2 billion gain by increasing the value of Merrill Lynch assets higher than Merrill kept them.

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