<<At a major bank like ING, where tens of billions flow thru daily, do you think you can take similar conclusions from cashflow like at a manufacturing company?>>
No I don't think so. They sure need to swing big hammers those banks - the problem is that the nails are too small for their sledgehammers. By the way, I think ING is a healthy bank in a unhealthy financial climate. It all started in 1986, see Big Time Peter Gabriel and the chart of the SP500 since then. GL.