punditobserver

Why Bank Fees Need to Be Regulated

Now we have William James with the conclusion that NSF fees caused the financial crisis. How else can you explain his non sensical proclamation?

These people cant conduct rational arguments.

And dont think Salmon enjoys trying to get eyeballs by putting out garbage niche articles for chumps.

Im sure he would rather be writing real articles for WSJ and making a paycheck instead of feeding this swill to a bunch of fringees..

Why Bank Fees Need to Be Regulated

John Galt, when you write

"If you don't want to pay overdraft fees, then don't overdraft. Problem solved. "

You are missing the point. These crackpots think the banks should just cover their overdrafts so they dont have to manage their financial affairs responsibly.

In telling you if these losers were not just a lunatic fringe we would all still be living in caves. Societies cannot be built or cannot continue functioning once a threshold level of people like these is reached.

In the past when there was no overdraft protections and these jokers would actually be writing NSF bounced checks they must have been ranting against the landlords that were oppressing them with rent deadlines. Why do these landlords need the money so early in the month? Why are they charging me late fees and threatening me with eviction?

Credit Card Charge Off Rate Highest in 20 Years - Moody's

Conceptwizard: what do you do when your car runs out of gas? Declare that gas is what got you into this mess, leave it by the side of the road and buy a horse?

Why Bank Fees Need to Be Regulated

What are people like Davewmart still doing living in our country?

I think we should provide lucrative emigration inducements for all the Davewmarts so they can go to countries like cuba, venezuala, and north korea that dont have evil bankers.

We cant sustain our economy with parasites and people who cant understand the basics of trade and exchange.

Why Bank Fees Need to Be Regulated

Look lets just cut to the chase here: journalists are low achievers - thats why they become journalists. Among journalists the low achievers are bloggers. So bloggers are basically loser's losers.

Here is a case in point: salmon's operating premise is to just parrot whatever insane rants are being put out by the loudest ranters.

Forget about the free market argument against the bank crackpots, lets just analyze this fee legislation at on a practical basis. What salmon is saying - and he does not even know he is saying it - is laid out below:

Lets make a law that limits what banks can charge for overdraft protection.

Then banks will stop offering overdraft protection, and people who would have been protected by overdraft protection end up writing bounced checks and getting hit up with bounced check fees -- from the people they are writing the bounced checks to -- that are higher than the original bank overdraft protection fees would have been. These people will additionally be hit up with having to pay the bounced back checks with money orders because their checks are no longer considered good the people got "insufficient funds" notices the first time around.

At that point the felix salmons step in and say "lets make a law stating that banks cant withhold payment for insufficient funds for people who write checks that are not covered by whats in their account."

Thanks felix for serving your the usual daily bowl of stupid.

Certain Banks Are Still Broke

ebschor: or the ever handy "Insolvent" or "unsolvent by any measure"

A lot of the people who bought this story went long FAZ at $200, now at $4.30, FAZ holders have lapsed into delusional paranoia at on the FAZ yahoo message board.

It seems the true unemployment rate is 30%, banks are $7 trillion underwater, Home prices will go to zero and the government is perpetrating a conspiracy in collusion with the banking "oligarchy" to hide all this from the american people so they can somehow control us and take away our rights.

Fractional Reserve Banking is not an innovation that is taught at ll universities and makes possible modern market economies: it is a secret plot of bankers to enslave everyone in debt, grab dictatorial power and own everything that exists.

Certain Banks Are Still Broke

Bank critic crackpots keep going just like the energizer bunny.

The words you jokers use dont have standard meanings anymore. "Broke" means not being able to pay bills or payroll ore debts or continue as a going concern in the real world. "Broke" becomes a meaningless epithet when used by a bank critic crackpot.

The Banking Panic Isn't Over

And you are hoping every day that some catastrophe happens because its the only way you can escape from your trapped short position.

Good Luck.

The Stress Test Cliff Notes

This joker wrote:
----------------------...
(1) “More than 150 senior supervisors, on-site examiners, analysts and economists” spent a month reviewing the 19 BHC’s that hold two thirds of the country’s bank assets and account for one half of the loans.

More than 150 means at least 151. Is the U.S. Iceland or something? Ten trillion dollars in assets and five hundred trillion dollars in derivatives in one month? A typical single bank examination utilizes hundreds of examiners and takes several months. Clearly the next release of public sector productivity numbers is going to astonish.
----------------------...

Did it occur to you this is a stress test, not a bank examination?


This joker wrote:
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(2) ”The firms were asked to project…..the firms were asked to provide…etc.”

In other words, the banks tested themselves and the 150 examiners took their word for it. Any wonder they passed?

----------------------...

Did you read the white paper at all? In every case that supervisors vetted, analyzed, criticized and adjusted all information and conclusion provided by the banks.

I stopped reading this jpkers drivel at 2).

Tyler Durden: You don't know what you are talking about and you are the leader of the peanut gallery.

Also, Fight Club is the ultimate movie for losers and misfits. From this movie you take as your name that of a psychotic misfit who is prone to violent hallucinations.

What more need be said?

How to Determine Bank Health Using Goodwill Impairments

Typo - meant to type 'UNDERcapitalized' in the first sentence.

How to Determine Bank Health Using Goodwill Impairments

Being $100 billion overcapitalized in equity is a catastrophic situation.

So If its balance sheet is so catastrophic, how then does BAC lend out $183 billion in just the most recent 3 months?

What the pundits and analysts are saying no longer coincides with reality.

More Stress Over Stress Tests

How long are the pundits and analysts going to keep up this charade they have sold to these idiots who now believe that, for instance, a bank that loaned $183 billion in just the past 3 months alone is insolvent?

The article dismisses a rumor started by - in the article's own owrds - a questionable source, then bases its conclusions on assuming the article is true!

This is getting ridiculous.

Let's Keep Big Banks from Ruining America Forever

Hack bloggers and journalists are catching on to the existence of the "banks are an evil conspiracy" crackpots.

Bank bashing is an easy way to get a fast following if you are trying to make a name for yourself as a blogger.

Warren's (Ridiculous) Prescription for Banks: Wipe Out Shareholders, Fire CEOs

Elizabeth Warren's goal in making these statements has already been achieved: many more people now know her name, and she has a better chance at increasing her status as a political player.

Derivatives: Just One Reason to Short the Banks

One of the key indictors of a bottom is the recycling of bad news in the absence of continuing bad news.

This article is a recycle of articles that came out last quarter.