Jason Hall

But honestly, I think it's probably going to be more of a traditional business than an actual rule breaker.

I don't think they're going to change things in any fundamental way or disrupt markets.

Let me say this, just for clarification.

I was looking at their combined ratio, which if I'm looking at a company that writes insurance, combined ratio is really important.

They just got to 100%.

It's like, okay, there's something working there.

It's never going to be a rule breaker until the financing issue gets resolved.

You can go and get a 30-year or 15-year fixed rate mortgage on a house, a regular house, but you cannot do that.

You cannot do that on mobile homes.

And until manufactured housing gets allowed to be included in the same kind of financing, then it's going to stay a tiny portion of the market.

It's the math that doesn't work around paying for the property.

First off, I'd say a lot of people are going to challenge whether they would consider somebody that looks forward to bank earnings to be better than somebody like yourself, Emily.

I just wanted to get that out there.

This is definitely important, what we're dealing with.

We got results from three of the

big four U.S.

banks, JPMorgan, Wells Fargo, Citi reported, and of course, the investment banking giant, Goldman Sachs.

They all delivered really strong results last quarter.

Citi and Wells, their businesses, for different reasons, have long struggled.

We've seen some serious work from Jane Fraser, CEO of Citi, working hard to tear down this unwieldy low-profit empire that her predecessors built and try and turn Citi into a leaner, more profitable bank.