« Technology Cup Man of the Match | Main | ACCOUNTING TRANSFORMATION: LEAN ACCOUNTING »

July 20, 2010


Feed You can follow this conversation by subscribing to the comment feed for this post.

Hi Michael:I disagree with your aynalsis of the decreasing capital reported by many of the US clearing firms. The clearing firms are not losing money (Gain being an exception). The owners are able to pull equity out since clients are migrating to non-US clearing firms. Less US client deposits = less capital needed. Many large firms are pulling their US capital to deploy it to their overseas operations.

The comments to this entry are closed.