James Schmidt
James Schmidt
based expect happen happened last loans next point quality since standards
At this point it probably makes sense not to tighten your standards since the quality of loans probably will get better. You should be tightening based on what you expect to happen next year, not what happened last year.
banks bypass good loans
Banks are probably going to bypass some good loans this year.
bridge burned might
If it had jumped the road, it might have burned up to the bridge or even farther,
consensus estimates morgan numbers recent reflect stale thinking
I think some of the consensus numbers are a little stale some of the estimates that go into that don't reflect the recent thinking many analysts have about Morgan Stanley.
cash fact flowing initial insurance loss period proceeds
As an investor, you can take some reassurance in the fact that after an initial period of loss of business, there will be a lot of cash and insurance proceeds flowing into the area,