Regions Financial Corp. (RF)

All Comments on RF

  • commenter
    tcornelison
    Oct 07 09:08 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    I have flipped past it before but never listened for more than a few seconds. I won't even buy a used car from someone who yells on TV.

    This morning on Bloomberg I listened to a few minutes of analysis on why BofA needed to raise capital. Not one of them mentioned the $8.4 Billion predatory lending settlement they just entered into to get out of the Countrywide lawsuits. They haven't impressed me much either lately.     Reply
  • commenter
    Pfloyd234
    Oct 07 05:33 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Turn off CNBC forever is what I meant to say Reply
  • commenter
    Pfloyd234
    Oct 07 05:32 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Correction............... off CNBC Forever!!!! Reply
  • commenter
    Pfloyd234
    Oct 07 05:31 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Wells Fargo will Win? You are crazy!!!! They are up huge lately in one of the worst financial meltdowns in history and you don't think they will give up those gains........Watch WFC drop like a stone. And urging us to buy NCC? I wouldn't touch that stock if they paid me to hold on to it. They will suffer the same fate as WM did!! I am so sick of these CNBC people. This kind of crap is what makes this market jump up and down like a kangaroo. Note..................... off CNBC forever!! It will do nothing but hurt your investing....Invest for the long term. Eventually this market will become a shopping spree but not for awhile. Until then relax and take the dog for a walk. Ignore Najarian, Cramer, Bartiromo, and anyone else screaming at you to buy Wells Fargo or some other bank on CNBC. You will thank me later. Reply
  • commenter
    User 271162
    Oct 05 01:42 PM
    My Website
    Dividend Yields Soar [view article]
    10% Reply
  • commenter
    muley101
    Oct 01 10:37 PM
    The Facts Behind the Coming Congressional Mortgage Bailout Bill [view article]
    Plan B: The Mortgage Investment Bill
    for Reviving the Economy

    by Stan Muse

    The Federal Reserve is out of Federal Funds rate options and now the Congress is about to pass legislation which will be the largest bailout bill in the history of the world. Fannie Mae and Freddie Mac are now penny stocks with perhaps over 1000 bank failures yet to come. The American taxpayer will be told that they and their children will be writing big checks to rescue the Wall Street crooks and congressmen that caused all the problems, while receiving nothing in return.

    Anyone who has been following recent congressional hearings knows by now that this is unacceptable to Main Street, the voters who will be firing their congressmen for turning the USA into a socialist country. It is also widely believed that this bailout bill may not be embraced by Wall Street because of its onerous terms even if passed. Finally, it will not provide sufficient liquidity for improving the rest of the economy.

    A much more effective and fairer way to end our economic crisis is easily attainable. To state it simply, all Congress has to do is to pass a Mortgage Investment bill which allows individuals a one-time option to use some of the funds in their IRAs to pay off their mortgage balance in full, without any penalty, interest, or taxes for doing so. In return, individuals choosing to exercise this option give up their mortgage interest tax deduction for life. This bill could be passed quickly and independently of any other economy-related legislation currently being debated, or included in the current bill. Individuals choosing this option would need sufficient IRA funds to pay mortgage balance in full. The actual payment to the individual’s mortgage company would be done by the IRA managing institution to avoid fraud.

    As one senator recently stated, ‘for most people their home is their IRA’. For many others, their 401-K plans hold many trillions of dollars, much of which by now is parked in money market funds or T-bills as mine is. If these IRA funds could be released to pay off mortgages, we could possibly avert, or at least significantly shorten, the economic recession we now find ourselves in. In fact, no other bailout legislation may even be necessary, although more regulatory legislation is certainly needed.

    I asked Allan Meltzer, Arthur Segel, and Ellen Zentner to review this proposal and received some positive responses. Ellen said it seemed to be fool-proof and better than a reverse mortgage. In fact, it is a no-brainer for the homeowner with a large 401-K balance, and for the government. The only people who might object, as Ellen stated, are the bankers who want to keep homeowners dependant on them, especially those in the upper-income group. But even the bankers can not want the government to own a large stake in their business for a multitude of reasons.

    It makes sense to allow people to use their IRA money, which they earned, to invest in the best and safest investment they could ever make, their home. Presumably they will need a place to live in retirement on a fixed income. It makes no sense for someone with more than enough IRA funds to cover their mortgage balance to loose their home because they lost their job and can not pay their mortgage. It also makes sense because it is not some form of government bailout which rewards the bad behavior of mortgage companies and unqualified borrowers. Instead, it rewards the good behavior of those who have saved and invested in the economy

    If only 5 million people chose this option, for an average of only $200,000 each, the result would be $1 Trillion in paid-off mortgages, providing liquidity to the mortgage industry. By executing the option, an individual’s annual mortgage payment would become disposable income to put back into the economy or back into IRA accounts. To the individual, the effect is the same as lowering taxes. If only 5 Million people were able to put back $20,000 per year into the economy, the result would be a $100 Billion per year stimulus package for many years to come.

    In my case, with $800K in IRAs and a secure pension, I would increase disposable income by $1600 per month while reducing the IRA balance by only $160K, but saving over $120K in future interest payments. I could retire, which I can not afford to now, and leave my six figure job to someone else. I could also quickly replenish the IRA money used to pay off my mortgage with the extra income.

    Adding a further provision to delay receiving Social Security payments for a year in order to exercise the option would be a baby step towards privatization of Social Security. Anyone financially able to exercise the option should be able to delay the payments. For every 5 million people choosing the option, approximately $100 Billion would remain in the Social Security fund. This could fix our problems with Social Security for good.

    Some of the benefits of this plan would be to:

    • Immediately increase an individual’s or married couple’s disposable income by tens of thousands of dollars each year while enabling them to become debt free, helping families to stay together
    • Save homeowners hundreds of thousands of dollars in mortgage interest payments
    • Encourage individual IRA savings by many who have never saved
    • Allow many people to retire earlier than they otherwise could
    • Create demand for housing, reducing inventory, and stopping the decline in home prices
    • Stimulate the overall economy, creating and saving jobs
    • Not cost the government anything, and actually Increase federal, state, and local tax revenues by eliminating individual mortgage interest tax deductions, without raising tax rates
    • Force the banks to sell their good loan assets to cover their bad loan losses, instead of forcing the taxpayer to buy their worst loans, and increase liquidity for new loans to those who need them
    • Allow the free market economy to work through the crisis rather than resorting to socialism
    • Not increase the national debt nor the money supply as a bailout would do and contribute to inflation
    • Allow the individual home owner to the freedom to become their own banker with the money they earn, reducing America’s dependence on bankers, and changing America from renters and borrowers to homeowners and savers


    The merits of this simple plan, the Mortgage Investment bill, for saving the economy, instead of trillions of dollars for a Wall Street bailout which will socialize the finance industry, are obvious and would benefit everyone involved. The individual gets more disposable income and a chance to live debt free, the capital markets get needed liquidity, the government collects more taxes and collects them sooner at the expense of the bankers, the housing market gets more demand, and the general economy gets a much needed boost for the next few years.

    Democrats should like this plan because they can claim that it lets the wealthy pay for this mess. Republicans should like it because it increases disposable income, which has the same effect the same lowering taxes. The average voter should like it because it addresses all segments of the economy with a huge economic stimulus package, not just Wall Street, and costs nothing while helping to pay off the national debt and potentially fixing Social Security.
    Reply
  • commenter
    Joe Red
    Oct 01 04:29 PM
    Regions Financial: Guilt by Association? [view article]
    Insiders were buying tons of Thornburg at the end. Steele bought $16 million dollars of Wachovia in the open market two weeks and he worked for the government before he became CEO.

    I have a position in RF.     Reply
  • commenter
    geezer
    Oct 01 01:06 PM
    Regions Financial: Guilt by Association? [view article]
    Look at the insider trading on this stock for the past 2-3 months. They are all buying large blocks. Ritter recently bought 50000 shares and others, very large blocks. I have found no recorded sales in that same time frams. Does this mean anything? I am a long term holder of a substantial block of RF
     Reply
  • commenter
    Rolandownthe
    hill
    Sep 30 10:29 PM
    To Bail or Not to Bail? - Fast Money Recap (9/29/08) [view article]
    The best argument yet!
    mises.org/story/3132     Reply
  • commenter
    Roger S
    Sep 30 07:46 PM
    Regions Financial: Guilt by Association? [view article]
    Roger S
    Read comments about RF, CEO states of deposit growth , there is a trick bank is giving $150 for every new checking account of $100 , no wonder there are new deposits. CEO should be more honest and tell facts or open their books .     Reply
  • commenter
    Stone Fox
    Capital
    Sep 30 05:03 PM
    My Website
    Regions Financial: Guilt by Association? [view article]
    With the new guidance on MTM rules, I'd expect RF to be just fine. Any bailout help will be beneficial as well. Its still very perplexing that RF has dived this much. When the CEO states that deposit growth was high on Friday, thats a very good sign that the run on the bank won't be happening with RF. Reply
  • commenter
    Marks1153
    Sep 30 04:14 PM
    Regions Financial: Guilt by Association? [view article]
    I wat to agree with you, but, of course, the negative case emphasizes their heavy exposure to home equity lending, especially in the 'prime' segment where loss curves still have a long way to go. Reply
  • commenter
    hwood007
    Sep 30 11:34 AM
    To Bail or Not to Bail? - Fast Money Recap (9/29/08) [view article]
    I think the SEC can pause the mark-to-market rule without congress and should do so for a month or so. I am so glad I do not buy mutual funds, GSEs, or low cap companies. I always listen to Ron Paul, I usually do something else. Reply
  • commenter
    stanlori
    Sep 30 10:48 AM
    To Bail or Not to Bail? - Fast Money Recap (9/29/08) [view article]
    Us against the Banks? Who owns the banks? Reply
  • commenter
    Rolandownthe
    hill
    Sep 30 10:21 AM
    To Bail or Not to Bail? - Fast Money Recap (9/29/08) [view article]
    It's all a lie. Listen to Ron Paul; the money, some 600 billion has already been printed up, without the bailout. The bailout is for the rich! See the truth.
    ca.youtube.com/watch?v...     Reply
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