Clearly no one would have expected someone who has been as successful as Cathy has been in consumer marketing to wind up in the payments-services business. But on the other hand, if she emerges as a problem solver, this could help propel her to the top management ranks. |
It is a kind of a way to play games with monthly payments. Stretching out the mortgage maturity is simply a way to lower month payments and stimulate sales. |
It makes a sale of the company easier in one case and more expensive in the other. |
The timing of the 'give-away' of the retail units was possibly one of the worst in the history of American business. |
These transactions did apparently qualify for the 'long haul' treatment. |
This deal is a winner for J.P. Morgan. The bank is already the dominant brand in the New York metropolitan market and this deal will seal that dominance. |
This event highlights once again the difficulty in determining earnings for derivative transactions. It also encourages those who feel that bank accounting in this area is weak. It is a reason why many large banking companies have such low multiples on their stock. |