In the '80s, you might have put up 10 percent equity.
The firm generated a return on equity of 33 percent.
At the time it had a five-year return on equity of 50 percent.
A return on equity of 18 percent is considered highly profitable for a bank.
We would not recommend that the committee accept the 30 percent equity.
Even now, many fund families still manage returns on equity of more than 25 percent.
Citigroup, for instance, had a return on equity of 19.8 percent in 2003.
Morgan continued to be among the country's most profitable banks, with a return on equity of 24 percent.
That gave it a return on equity of 28.2 percent, compared with 16.7 percent a year ago.
A contribution from the borrower of at least 10 percent equity.