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  • Banks probed for violating bankruptcy laws [View news story]
    independent84

    I have to agree with you, the main problem is people like the SA editor Alpher who crosses the journalist line of bias and his bosses do not pull back on his collar. The other two main problem is the extreme lack of knowledge of banking, and that so few understand finances and basic economics in their daily lives.
    I'm a baby boomer (1946) and 20% of the people who were born that year do not have the funds to retire on their terms.
    Nov 13, 2014. 08:50 PM | 1 Like Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    fun fun

    I think the Cheat to Compete has always been a European Bank problem that a few here have copied from our cousins.
    Nov 13, 2014. 08:39 PM | Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    fun fun

    it's the knife that causes the reaction not the amount.
    Nov 13, 2014. 08:37 PM | Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    teach English

    For a person with the title Teach English the term "bailed out" is incorrect.

    The banks were given loans and they paid them back with interest except
    Ally bank former known as General Motors acceptance corp. Guess why they haven paid the loans back.

    As I retired from banking since 2000, so some of the rules have changed.

    When I worked in banking we never changed the status of a loan until we got a copy of the court order (bankruptcy court). Assuming how sloppy
    the courts and the banks have been in the past, I'm inclined to believe many banks had sold the loans prior to the bankruptcy date.
    It makes no sense not to close the loan when the proper paper work is received.

    I can think of a reason why the borrower would not present the paper work in a timely manor because under certain circumstances the bank would send you a 1099 for the losses involved as per IRS regulations.
    Nov 13, 2014. 08:31 PM | 1 Like Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    D a I B

    Banks get sued a lot by lawyers however in my experience most are of the Ambulance chaser ranks rather than competent lawyers. During my 30+ years in different areas of banking, I have been personally involve in less than a dozen suits and in each case the bank prevailed. Unless your a bank that likes turnover. (big banks)The average bank wants to help the customers because having happy & loyal customers gives you great profit in the long run, just like any other service industry.
    Nov 13, 2014. 01:38 PM | 2 Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    hksche2000

    like your comment reckless "Gekko Greed" is fiction as your claim All banks are rogue institutions, everybody knows that.

    Those are comments from a person who knows nothing about banking and
    how the political regulations by the democrats going back over 25+years contributed to the MBS crises.

    While we had a number (less than 50) institutions contribute to the debacle. 10,000+ small and medium institutions did nothing wrong but
    people like you Paint with a wide brush and taint people.

    More trial lawyers have been disbarred or jailed then bankers so your logic is flawed.

    like your comment None of the perpetrators in bank managements have ever been held personally accountable, even though there is zero doubt that they were personally responsible for the Financial Crisis.

    The actual reason few have been held accountable is that while many acted morally wrong few actually broke regulations but because its a subject that you do not understand you whine your beliefs which unfortunately are not facts.

    The democrats promised you to make too big too fail gone instead
    we have Dodd-Frank with 7000+ pages of regulations that has put a glass ceiling between the big banks and the regionals and a guaranty too big too fail for years. (always be careful what you wish for)

    Read dodd frank and Hud regulations and the community reinvestment act
    and about Henry Cisneros Hud secretary 93-97 who had a goal of new home owners no matter what the risk was.

    My bank saw the GNMA debacle of the 70's and got away from MBS
    we were un willing to take the risks.
    Nov 13, 2014. 01:13 PM | 1 Like Like |Link to Comment
  • Bank Of America: On The Cusp Of A Major Break Out? [View article]
    gwynfryn

    I started in the financial community part time at 16.
    because of being drafted I didn't finish college, however in the long run it didn't matter. By the time Y2K came about cancer forced me to retire
    from my job because stress was the cause. I had run several departments
    so professionally I attained what I dreamt of. The remaining 8 years of paid work I did non stressful jobs. Since 2008 I have been on the board of directors of a charity and have given trading and investment advice for free
    to families effected in the down turn. I manage accounts for family and friends. I firmly believe in planning and helpings others to get to where I have achieved .

    Think of all the countries who had their economies failed and they were not capitalistic based.
    Nov 13, 2014. 11:33 AM | 1 Like Like |Link to Comment
  • Bank Of America: On The Cusp Of A Major Break Out? [View article]
    gwynfryn

    Economists generally agree that the economies of the World could keep us all in comfort, in exchange for no more than 20 to 25 hour work weeks, so why are we still using the standards of the industrial revolution?

    These economists are like Paul Krugman who writes how things will be and when a test by some cities happens the results don't follow his findings.

    You also need to explain what to do with the three billion people that live in utter poverty without an education.

    bullying by management, a major factor in my drinking habits, is also bad behavior.

    In my 40+ years of paid work I have not met any bullying management, I have met individual bulling supervisors who didn't last long in their positions.

    I begrudge supporting an able body person. they decide what they want to do as long as I don't pay for it. I support helping persons who can not take care of themselves.

    As you know I was a Medic and we had a Major who was a doctor and the question was using cold turkey or other means. His comment was the human body can only take cold turkey 4 or 5 times, the addict is either dead or cured and that was the real question.
    Nov 12, 2014. 12:30 PM | 1 Like Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    Bryce

    I am probably coming out of left field but could it be like a provision for loan loss
    which you adjust based exposure or the assume a project will cost x and comes in under budget???
    Nov 10, 2014. 11:00 AM | Likes Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    river 18 & luke skywalker

    Looking at the company I believe long term linn will do well however I would not buy more if I was in your shoes.
    luke you say your a boomer as I am (1946) so I'm 68. river 18 if your over 50 you should never exceed 25% for diversification. the risk reward in oil right now is not great. This coming cold season will help gas a bit.

    take care and good investing
    Nov 10, 2014. 10:54 AM | 2 Likes Like |Link to Comment
  • Why GE Is Still A Top Notch Investment [View article]
    hardog

    In most cases I subscribe to JW line of thought even in investing.
    Nov 10, 2014. 10:42 AM | 1 Like Like |Link to Comment
  • The Future Of Microsoft's Mobile Strategy [View article]
    DAVEL

    Sometime when you look at MSFT it reminds me of the TV show Scorpion,
    a room full of geniuses but it take 4 of them to turn on the coffee machine.
    Nov 10, 2014. 10:38 AM | 2 Likes Like |Link to Comment
  • The Future Of Microsoft's Mobile Strategy [View article]
    TECHY46

    With a lot of tech companies beefing up there employees here in Central Texas there are claims that we have more computer personnel here than in silicone valley. Is their any truth to this rumor?
    Nov 8, 2014. 12:50 PM | Likes Like |Link to Comment
  • Bank Of America: On The Cusp Of A Major Break Out? [View article]
    gwynfryn

    The problem here is that unions do not allow apprenticeship's unless it's under there control. you miss read my comment
    Why should the tax payers pay anyone for non productivity? I was speaking of the guy watering flowers. I would if in charge fire the person who told him to do it in the rain.
    To paraphrase your argument, why should other tax payers pay for this training, when the benefit goes mostly to those at the top, and who are usually the most resistant to paying said taxes?
    the above sentence has no fact in the real world. It's a great line for the socialist class however the top 15% of people pay most of the taxes in the USA. The bottom 50% of people in the USA pay no federal taxes.
    The main problem is in the USA the liberals refuse to punish people for bad behavior. I am all for helping people who can not take care of themselves. I am not willing to fund anyone's bad behavior.

    What percentage of the lower class are dropouts or drug challenged?
    Nov 8, 2014. 11:44 AM | 1 Like Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    Bryce in tx

    you should lobby the AICPA AND FASB as they make the rules
    Nov 7, 2014. 08:00 PM | 3 Likes Like |Link to Comment
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