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NYCTEXASBANKER

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  • 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
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    RAWENERGY

    I was trying to point out to rlp 2451 why he is not seeing what he believes should be there. I do appreciate you getting the actual figures.
    Nov 7, 2014. 11:19 AM | 2 Likes Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    RAWENERGY

    My point was that none of those you have mentioned provided a full quarter of earnings. From the point of making the deal to the point of a measurable number can be a long long time.
    Nov 7, 2014. 10:53 AM | Likes Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    rlp

    Have you a time line as to when those asset swaps closed?
    Nov 7, 2014. 09:44 AM | Likes Like |Link to Comment
  • Bank Of America: On The Cusp Of A Major Break Out? [View article]
    gwynfryn.

    You may be unaware but your idea a "citizen wages" was among the first steps written by Marx to get to a socialist state on the way to his communist utopia. Why should the tax payers pay anyone for non productivity. Here in the US if you start to ask the hard questions the liberals will call you all kinds of names like racist and soulless. Here in the US we have 4.6 million JOBS open, WHY. Simple answer is our educational system has not changed to reflect the new jobs.
    At present our colleges produce 200,000 art history graduates where the job need is less than 5000. In this case why should I be surprised that the unemployment rate is over 50 %.
    Now you bring up another problem at the other end of he economic equation. The theory is that the stockholders run the corporation however BY LAW we can not challenge the salary or bonus of the CEO.
    As a result until the people start paying attention that law will remain on the books.
    Nov 7, 2014. 09:13 AM | 2 Likes Like |Link to Comment
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