LOOKOUT4:
Corning has made an interesting offer to investors in recent times. Lead banker for the company has always been the good Goldman Sachs, but on this prospectus they slipped to third and all the others are affiliated to commercial banks. That the commercial banks have used their lending ability to improve their position in investment banking is well known. But one thing that is not appreciated is just how accounting can encourage banks to perhaps trade low interest rates for extra investment banking fees. That would give the banks income up front, in the form of investment banking fees, while it would provide lower reported expenses for the customer, because investment banking fees often do not show up on income statements.
Ends -jonz-