Page 48 - Return On Equity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cents behind every dollar of loans? >> it was also the unbalanced sheet leverage versus the unhidden -- >> tell us more about that. >> well there is stated mortgage on the balance sheet -- >> then 2 or 3 itself- >> right. depending on where you were in the cycle it would balloon to 120%. it was a disaster in terms of the leverage they carried but they taught the banks as well. so citi we when started finding out about the structure investsment vehicles, the off balance sheet, that they wornt consolidating, hidden from investors, hidden from the public and we ended up having to bail them out on...

>> that's right. but understand that bin laden, by his investment, reasonably small in terms of dollars and cents, has completely altered the set of priorities that dictated our spending over the past ten years. that is his greatest -- and i hate to put it in terms of this -- but a return on equity, he with a small investment forced us to spend trillions of dollars on things we didn't necessarily want to spend it on. >> i hate to say a truism of terrorism, but remember, never, never, never forget what the ira said famously in the 1980s after they tried to blow up the then british prime ministe...

>> david: what is wrong with aztec? >> price earning ratio is high, order book went down in the first quarter and the chairman/ceo does everything. i don't know who is overseeing this guy. >> david: it's trading at one-year high. is that a problem? >> insiders still own a big chunk of it. >> david: all right. >> buy high, sell low. >> i like t. rowe price. why not own a casino? they have 16% return on equity, the amount of money that ism coming in is good and we'll all have to save more for retirement. >> david: turn-about is fair play. you also buy high. one-year high. >> it is at a high but ...

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Already landing titanic sums, and you know the governments of those countries will be leaning on the banks to buy the public debt. >> just a minute or so left. but the ideas of bankers behaving badly seems to be a theme true here and true in europe now because they run themselves on such a thinly capitalized basis that they are vulnerable. >> right. >> when events like this happen. what happened to any sense of stewardship? i mean, it's a huge theme of dylan and mine, that the idea -- if you -- the less capital you have running the bank, the bigger bonuses you can pay because you can do a high...