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  • Banks named in FIFA scandal [View news story]
    caught you on a bad day again, huh? lol

    As my ref was simple analogy of overkill, I didn't do details - she was 'simply' moving that approximate amount ($8k) to several different banks, ACH, to distribute her wealth for 'safety' (some people don't have the faith in banks they did prior to 2008). At 79, I am reasonably sure she had no intention of gaming the system, she was unaware (many are) that moving money around has Consequences now, unlike when she was a spry, well-versed 30 year old in 1965.

    The Important note was: she got arrested for doing so. We'll never know why she/they thought it was a 'good idea' to do what she did, only that she did it for whatever reason (apparently safety).
    But hey, Never-mind, it was her own fault.
    May 28, 2015. 06:53 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    tell that to the 79-year-old widow that transferred her husband's estate here and there in $8k increments and got Busted for avoiding the $10k transfer reporting rule (following the advice of her great-nephew to diversify, for safety, she added it all up and divided by 23 or summat).

    I -do- get your point, but the tracking now is pretty egregious, in the name of the War on Terror, among others.
    May 28, 2015. 03:44 PM | Likes Like |Link to Comment
  • Charter to merge with Time Warner Cable, buy Bright House [View news story]
    Dear FCC,
    Please utilitize the cable/broadband industry.
    everyone Not in the entertainment industry (or directly benefitting From it), and/or those Unable to flood-bribe All 'elected' and 'appointed' officials.
    May 27, 2015. 01:03 AM | Likes Like |Link to Comment
  • All Hat, No Cattle? Not These 2 Stalwarts [View article]
    "it grinds out incremental earnings performance like sausage"
    There Must be a correlation explaining why I am always sipping my coffee when I read the Fun line, Thanks, Ray! (but my sinuses hate you).

    Any thoughts about this quarter's $56 ceiling? I don't recall resistance like this since 2010.. (famously selective memory, of course). hmm..
    May 26, 2015. 03:23 PM | 1 Like Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Faith in the monetary exchange system is simply, paramount.
    Touching it in any way is a capital offense, let alone routinely diddling it on a weekly basis for fun and profit.
    You're a moron if you heat your living space by slowly burning your walls.
    IMHO this deserved a loud, unequivocal response from management, as Any loss of faith in Forex is a poison arrow for international business, and by extension, those that depend upon international for earnings.
    <steps off of OT soapbox>
    May 25, 2015. 07:53 PM | Likes Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Whale was the beginning, but chatter RE the Forex issues were what caused me to remove my loud and longstanding support of Jamie and team - the countless negative headlines since have left me comfortable with that decision, and I stand by my snipes at Jamie regarding his statements and demeanor following each 'embarrassment'.

    I did not intend to overstate here, apologies if my comment came off as more negative JPM - I would like to see all of the 'movers and shakers' of the sector do well, as their investment drives economic growth.

    and for the record I agree with you, I don't think there is any question that JPM -can- take advantage (RE my 2015 is The year comment, elsewhere), but never a fan of the "it's only illegal if you get caught" economic thesis/principles that seem to run rife from Jamie's tutelage.

    Someone in the position of running and speaking for an organization of that size and impact needs to breed utmost confidence in both shareholders as well as the general public. my humble opinion.
    May 24, 2015. 04:48 PM | 2 Likes Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Your historical data could use some work, recommend you base anything on 2012 forward, the crash just screws up your numbers, i.e., conversely, you could point out how Lousy the investment is based upon performance -ending- in 2010.

    Dividends were simply kiboshed by the fed for a time, including that era in Anything necessarily misrepresents. Bulls don't need that.
    May 23, 2015. 09:53 PM | Likes Like |Link to Comment
  • Wells Fargo Should Be On Your Shopping List [View article]
    "Can the bank increase the amount of products and services it sells to its existing customers by having less branches ?"

    The 50% drop you referred to is about floor space and consolidation, i.e., WFC has no plans to 'close' 50% of its branches, and may expand numerically, but at smaller ft².

    Thanks for the summary!
    May 21, 2015. 03:03 PM | 1 Like Like |Link to Comment
  • Penalties come down for banks from forex probes [View news story]
    Dear Jamie,
    I have found no comment from you regarding this event. DID you fire the shaetheels responsible? (or just Move them to another area)
    Is this the last headline for 2015?
    the Weary
    May 20, 2015. 02:00 PM | Likes Like |Link to Comment
  • Wells Fargo looks to insurance for growth [View news story]
    cross sell has improved more than originally 'projected', RE Wachovia inductees.
    But yeah, it was arguably a knee-jerk to poor results back then..
    Not a scramble by any means, this is standard WFC conservative stuff -- they marketed, customers responded, they further staffed.. rinse, repeat..
    Apr 29, 2015. 11:31 PM | Likes Like |Link to Comment
  • What Makes JPMorgan Attractive? [View article]
    did not enjoy this press release.
    Apr 24, 2015. 04:47 PM | Likes Like |Link to Comment
  • A Tale Of 2 Banks: Pondering Wells Fargo And Bank Of America [View article]
    The guv'm't wielded IN-Credible power and leverage through those dark days and everyone was literally terrified. Our Grandchildren may finally hear the real Truth about what 'dealings' took place over those dark dank TARP days, if ever.
    I have previously posted my second-hand knowledge regarding WFC and C and the Wachovia 'liquidation' but my statements have not been corroborated by the few with first-hand knowledge, particularly Dick, so I am enjoying a nice hot cup of STFU.
    Apr 24, 2015. 04:13 PM | Likes Like |Link to Comment
  • A Tale Of 2 Banks: Pondering Wells Fargo And Bank Of America [View article]
    RE ROE comparison:

    Edge: Wells Fargo

    In this day and age, tactful understatement is so rare..

    Thanks Ray, for making me spew coffee once again, hehe

    "Oh, how the Mighty have fallen.."
    "..and look.. those two can't seem to get back up.. someone call 911.."
    Apr 23, 2015. 02:38 PM | 1 Like Like |Link to Comment
  • Wells Fargo - Consistently Exceptional [View article]
    As a long, I welcome the lack of volatility in the stock price - Wells ain't cheap, it's core, day or short just don't produce much here. (good).

    They definitely got their payoff from the GiNormous reserve release a year ago, I have faith that there was a good reason for doing so, but there was nearly no way to avoid the current headline of lower y/y. A shame, in that if they had spread them out, they could have ridden the 'record' quarter for at least another year, I was hoping for 24 consecutive, heheh.

    1Q is never -good- for Wells, so this bodes well for the year, as it would be a stunner but for comparison to the 'dump all reserves at once' of a year ago. The comparison with JPM's impressive results looks tarnished -only- because of that reserve-dump comparison (though community being weak is a surprise, they've been stealing the competitor's lunch-money for so long that it was becoming ASSumption).

    Thanks for the article, and agreed on 8% annum.. always had it, always will. Hard to beat on a tank-secure grandchildren-inherit income vehicle.
    Apr 18, 2015. 03:31 PM | Likes Like |Link to Comment
  • The 2015 Yellow Sleeper: How And Why I Invest In Gold [View article]
    Thanks for the article Ray - and for the Buffet quote that I somehow missed through the years, but have agreed with staunchly. You and the terrific commenters have given me reason to review my stance, as you and they have done elsewhere.

    onyar! (lol)
    Apr 17, 2015. 10:03 PM | 1 Like Like |Link to Comment