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Christopher Menkin  

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  • Community Bank Earnings Rise 12 Percent To $5.3 Billion, FDIC Reports [View instapost]
    Some say this month, some say after the first of the year.
    Sep 9, 2015. 11:51 AM | Likes Like |Link to Comment
  • "Reflections on Pearl Harbor " by Admiral Chester Nimitz [View instapost]
    Reportedly came from a book, but the main point is the three
    Japanese Mistakes make a lot of common sense. As I remember watching the TV series on Pearl Harbor, the Admiral was going to bomb the fuel depot, but since the carrier they expected was not in port, he decided to call his planes back and leave the area. It was a tactical error and bombing on Sunday as well as not blowing up the harbor so work could not be done on the ships were also tactical errors. Major mistakes.
    Jun 20, 2015. 01:02 PM | Likes Like |Link to Comment
  • Big 5 Banks Own 44.61% Of Industry Assets [View instapost]
    Well said. As to the $400, I would go to a local newspaper action line and ask them for help, or TV station, as many have "investigator reporters" or "action lines."
    May 14, 2015. 12:01 PM | Likes Like |Link to Comment
  • Bad Mortgage/Construction Loans Take Bank Down - They Even Tried To File A Restraining Order To Halt The FDIC!  [View instapost]
    I don't think the FDIC could legally yank the insurance, except perhaps in fraud, but they would still continue to insure those
    to the date of no longer insuring the bank. I will look into that to see if it has ever happened. Thank you for the idea.

    I don't think unlimited borrowing capacity is a factor. Certainly when ratio's are not met, cease and desist orders are issued and printed almost all the time in local media. Although there are always brokers who have clients who will deposit insured money for a fee---
    May 14, 2015. 12:00 PM | Likes Like |Link to Comment
  • Competition And Surplus Capital Seem To Be Holding Marlin Business Services Back [View article]
    Lessees are getting wise to Marlin's Evergreen copies leases, and security systems
    (automatic lease payments when not notified regarding a purchase or end of lease), as well as poor credit decisions, such as:

    Marlin Leasing Shutout from Suing Vendor
    in New Jersey Over Fraudulent Leases

    And as you noted, more and more competition from Direct Capital, now owned by CIT, and the growth of Ascentium Capital and Financial Pacific, now a division of a bank with low costs and more aggressive than Marlin.
    Apr 17, 2015. 03:32 PM | Likes Like |Link to Comment
  • Former UCB Chief Credit Officer Convicted Of Securities Fraud And Other Corporate Fraud [View instapost]
    Happens that way with the FBI and other agencies. It becomes a matter of priority. I have heard the FBI does not get involved unless it is over a $1 million, don't know if a fact. I do know with the many complaints we get about brokers not returning deposits that the cities, counties, and state agencies won't look at one case--many against the same company, yes.
    Mar 31, 2015. 11:06 AM | Likes Like |Link to Comment
  • The facts behind the $96 Million LEAF Securization [View instapost]
    Yes, very well read. I would think you need a Pennsylvania attorney as that is where LEAF is located. The person would have to be an expert in this, and really don't know anyone who has this expertise. I will ask around.
    Mar 26, 2015. 12:01 PM | Likes Like |Link to Comment
  • Resource America -LEAF Investor Asks What He Should Do [View article]
    thank you for letting me know...I will pass this on
    Mar 25, 2015. 02:51 PM | Likes Like |Link to Comment
  • US Banks Are Giving Guidance On Doing Business With Marijuana Dispensaries [View instapost]
    Medical Marijuana
    Mar 20, 2015. 12:01 PM | Likes Like |Link to Comment
  • Resource America -LEAF Investor Asks What He Should Do [View article]
    Mar 18, 2015. 02:32 PM | Likes Like |Link to Comment
  • Resource America -LEAF Investor Asks What He Should Do [View article]
    Received this response:

    Thank you for forwarding the attached letter. We strive to answer any questions that investors may have. To that end we maintain an investor relations department to deal with such inquiries. Based on the attached letter, it would appear that the investor has some misconceptions or misunderstandings about their investment. Please refer them to 866- 323-0241 and we will be happy to walk them through this.


    Scott A. Smith
    Director, Syndications & Portfolio Mgmt

    (267)-402-4587: phone

    (215)-761-0411: fax
    Mar 18, 2015. 02:31 PM | Likes Like |Link to Comment
  • Resource America -LEAF Investor Asks What He Should Do [View article]
    thank you for letting me know...I will see if I can get an answer.
    Mar 14, 2015. 04:03 PM | Likes Like |Link to Comment
  • Predicts Banks Will Increase Rates First Half Of 2015 [View instapost]
    You are correct that all the reports show loan to deposit
    ratios are super low historically, and banks are very, very competitive, if they want a deal.

    Yellen has indicated it may not be until April that the Fed
    considers raising rates, but then again, it follows the forecast by the author of the article---who also has a very good track record with his methodology.
    Dec 20, 2014. 11:08 AM | Likes Like |Link to Comment
  • Bank Credit Quality Improves, But How Much Better Can It Get? [View instapost]
    very interesting...third quarter should be good for banks.
    Oct 7, 2014. 11:10 AM | Likes Like |Link to Comment
  • GoBank's Future Revealed: It’s Bank Of Walmart/ICBA Statement On Walmart Offering Checking Accounts [View instapost]
    It is all part of the mobile payment; much of it not regulated. There are many companies who call themselves a bank and are not regulated by the FDIC or other entities. Most are in the lending business. State usury laws apply. But you have to understand, WalMart is a retailer and is hoping the bank users visit WalMart more often and buy something. If the banking breaks even, it is cheap advertising to them. They are also after the "unbanked" and "low income" consumer who will visit them more often. They don't need the deposits as the larger banks require them to fund their products.
    Sep 30, 2014. 12:16 PM | Likes Like |Link to Comment