BlackBook Capital — One of Wall Street Names!

The beginning of the 21' century saw significant changes in the financial services industry, which made people aware of financial market risks. The Chinese Wall that separated commercial banking from investment banking under the framework of the Glass Steagall Act painstakingly crafted following the Great Depression came tumbling down as the Big Banks and their lobbyist whittled down the barriers. As a result, commercial banks went into investment banking, and the old Section 20 "Broker-Dealers" which left some semblance of barriers between commercial banking and investment banking were swept away. Everyone scrambled "to get into act" as Jimmy Durante, the late famous actor and dancer, used to say.

Mortgage banks originated mortgages without checking whether the borrower could afford the loans, banks bought mortgages, sliced and diced them into CMOs, MDS, etc., sold them pensions funds, hedge funds, mum and pop investors, all guaranteed by Uncle Sam. The chicken finally came to roost. The edifice came crashing in the summer of 2007. As a result, people lost their investments and homes as the market crashed and the Obama Presidency was ushered in.

While today it is very important for everyone to wisely invest a fraction of their income in the market, not everyone has enough knowledge about financial investments, and this is where you need someone, a financial professional who can sit one on one with you to go over your unique financial situation and put together a customized portfolio for you.

Broker dealers are the intermediaries that offer a wide variety of financial and investment consultation to investors.

Among the league of such financial consultation firms, BlackBook Capital is a firm you should consult with.

Dealing with both private and public trading companies, BlackBook Capital's wide range of financial services includes; wealth management, investment banking, and brokerage services. With years of experience in the area of financial management, BlackBook Capital is certainly a firm you should consult with.