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NYCTEXASBANKER

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  • Report: EPA plans to drop 2014 renewable fuel quotas [View news story]
    mtmt

    BAD
    Nov 21, 2014. 12:26 PM | Likes Like |Link to Comment
  • GSEs near deal to re-ignite mortgage lending [View news story]
    index60/40

    Without government and wall st derivatives the sub prime borrower is dead. No bank would want to take on less than pristine mortgages because the risk reward is not there. Who would want to loan for 30 years when your funding source is 2.5 years? The mismatch is too great for safety.
    The main problem is the prices are too high in some areas and until the economy produces REAL full time jobs the Mortgagee base will continue to contract.
    When I refer to real jobs I mean 40 hour jobs. Many working 30 hours won't have the cash flow to become a home owner.
    Nov 19, 2014. 10:38 AM | Likes Like |Link to Comment
  • GSEs near deal to re-ignite mortgage lending [View news story]
    catfish

    No, but if your talking about it 18% monthly rise I still think you were lucky, otherwise you would have replied in a timely manner. If it had been a negative 10% you would never have commented.
    Nov 18, 2014. 09:37 AM | Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    teachenglish

    I do not blame any President who pushed home ownership, I blame those who passed risky regulations.
    I happened to be a registered democrat for 45+years (BLUE DOG)
    I will condemn any politician who votes or signs legislation that is not economically logical or risky.
    I would love it if everyone had the ability and resources to own a home,
    sadly my economics training tells me that until the educational system is vastly improved that's not going to happen.
    Look at what's happening to the Obamacare legislation, They lied to get the bills passed and now they are just realizing that as produced the economy can not take it and that's one of the reasons for the waivers so
    you don't know you've been screwed until after the 2016 election.
    For those aged 18 to 35 in 2012 will be the one's who are going to be screwed the most however they were the one's who put Obama in for 4 more years. Former Mayor KOCH of NYC once said - the people must be punished for voting the wrong person in- he was a blue dog democrat.
    Nov 15, 2014. 01:47 PM | 1 Like Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    ITCHYGONADS

    The newspaper you mentioned is a UK paper not known for quality of reporting.
    it's closer to the National Enquire than the NY Times.
    The article is about getting out of fossil fuels not shorting oil.
    check you link.

    to learn about oil pricing study this link
    http://www.cmegroup.com
    Nov 15, 2014. 10:41 AM | Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    fun fun
    I do agree with you the vast majority of regional and community banks which are competently run with integrity never experienced the huge losses in the credit market crisis of six years ago, nor did they precipitate the national financial mess. I do blame the government for creating the environment that allowed all the types of mortgages that led to the debacle. I also blame certain democrats who pushed housing for people who were not capable of ownership for political reasons.
    Nov 14, 2014. 12:25 PM | Likes Like |Link to Comment
  • Banks probed for violating bankruptcy laws [View news story]
    teach English

    You have mentioned two of the top five spin groups, most are village idiots
    just like when I see Chuckie cheese Schumer and call him Congressman never Senator(he hates me). I have no problem when people follow the letter of law my problem is very few actually know the law.

    It is important to people who are seeking employment because credit scores are checked by employers. If a credit report is not accurate because Past Due is still present on debts that have been discharged, this might keep the person from getting a job.
    This is a false flag because the credit score should not change because the past due becomes bankruptcy and stays for 7 years on the report.
    Check with the FTC.

    Why the vitriol again is a poor choice of words.
    I agree with your statement the "bundled loans" that were sold off to investors were clearly not rated properly. Think on that the next time you hear a "certified" anything.
    D Trump companies have declared bankruptcy not the person, and you would be a fool to invest with him.
    And FYI the word "manor" means a home on an estate. I think you meant to say in a timely "manner." Close, I had dinner at a friends house in Manor, TX just before I wrote the comment (a true senior moment)


    Nov 14, 2014. 12:19 PM | 1 Like Like |Link to Comment
  • 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
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