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...if that entire statement isn't hollow business jargon then I don't know what is."As our industry reshapes in response to public policy and regulatory directives, we now need to demonstrate, through clarity of our business model, the value to society of our scale and diversification," Chairman Flint said in the earnings statement.
user-inactivated · 3863 days ago · link ·
Well, it seems fairly pointed to me. He's saying, "We need to more clearly show that big banks are a good thing or else you will make us into a lot of small banks!" But I mean, big banks have always had the burden of proof and have yet to prove anything. And they've had the time.
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ButterflyEffect · 3863 days ago · link ·
Oh I know, and I agree with you. Hence why I called it shallow.