The whole game now is just playing the yield curve.
More Quotes from David Hendler:
Brazil is still a big wild card.David Hendler
The brokers have been almost like the old Internet stocks. The stocks have been on a huge ride and they're starting to cool off and come back to reality.
David Hendler
A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets.
David Hendler
The end game is to sell out but they may want to do it at a higher valuation. The clock is sort of ticking on them but the company isn't feeling pressured to do something.
David Hendler
There weren't any real black eyes for Merrill this quarter. It was good for them, and it was good almost everywhere.
David Hendler
The whole name of the game in banking right now is trying to generate high-interest-yielding assets. That's what the credit card business is. Everyone has these deposits right now. They have to put them to work.
David Hendler
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