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NYCTEXASBANKER

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  • Court defeat for Bank of America [View news story]
    If it was so obvious to this district judge how come he does not rule the SEC didn't do their job. That all lawyers with the DOJ be removed for not following their own procedures and that all state Attorney Generals have no standing since then also didn't follow their procedures. These securities had been trading for a decade before the house of cards collapsed. and NONE of our law enforcement did anything.
    At the International bank I worked for we saw the screw ups that GNMA trading caused in the 1975-79 and decided not to get into that area.
    One of the main causes of the problem is the community investment act. It forced banks to lend into the subprime area of which no prudent banker would go. The politician's used the term RED LINE especially toward minorities and with simplistic statements like every man deserves a chance.
    When you use logic YOU don't lend in bad neighborhoods because like cancer the good housing is overrun by the bad. The job of a bank is to protect depositors money not solve community ills. It's the politician's job to change bad neighborhoods with law and order, better schools , garbage collection job traing and road infrastructure.
    Jun 20 09:53 AM | 12 Likes Like |Link to Comment
  • Is Jeff Immelt Of General Electric A Great CEO? [View article]
    ruben 12345
    In 2008 that oil tanker looked more like the Titanic. If the fed had not
    shored up the commercial paper market GE would have been toast.

    I like the products and services but I will wonder how much better GE would be if Jeff was thrown under the bus in 2008. I vote against him every year hoping others will get to understand the damages that happened during his watch. Long time GE investor
    Dec 30 12:31 PM | 12 Likes Like |Link to Comment
  • Bank Of America: A Red, White And Blue Pick [View article]
    fun fun

    that your cue to tell us how mismanaged BOA is and how the BOD has no clue and the chairman destroyed DuPont
    Jul 3 01:41 PM | 10 Likes Like |Link to Comment
  • Linn Energy: Who Got The Better Deal? [View article]
    I love this line

    Mr. Kaiser reaffirmed his belief that Linn Energy will eventually collapse given that its distribution is mostly funded by debt and equity. However, he tempered this by noting that the deal "may push that day of reckoning out."

    No one knows who got the better because their using metrics that keep getting changed as time marches. 50 years ago I was told never make a trade that will keep you up at night. I sleep very well with line and lnco shares.
    Jul 3 08:48 AM | 10 Likes Like |Link to Comment
  • Report: Oil going through distillation tower not impacted by crude export ban [View news story]
    Blue 22

    Could you flesh out your comment as to
    1] how much OIL does Putin send to Europe
    2] Which European countries have these poor refineries
    3] How much of Europe's energy has a Russian source
    4] Care to be specific on which of our oil majors are involved and where.
    Jun 27 06:18 PM | 10 Likes Like |Link to Comment
  • Exxon Mobil (XOM) now says 12,500 barrels of oil and water have been recovered from a pipeline that ruptured Friday in Arkansas. Predictably, the spill has turned into political fodder for opponents of the Keystone XL Pipeline. Massachusetts Democrat Ed Markey says the Arkansas spill demonstrates "that transporting large amounts of this corrosive and polluting fuel is a bad deal for American taxpayers." [View news story]
    he's a congressman so unlimited hot air (wind power) is always available.
    Mar 31 05:24 PM | 10 Likes Like |Link to Comment
  • France Going To War Against GE... And I'm Rooting For France [View article]
    GAUCHO420

    Fact. Cinco de Mayo was a Mexican victory.
    Fact Everyday is a good day to rag on France.

    One theory for why it is more popular in the USA is that Mexicans living in former Mexican territories such as Texas and California need something to celebrate.
    May 6 01:24 PM | 9 Likes Like |Link to Comment
  • Linn Energy: A Closer Look At LinnCo's 'Dividend' [View article]
    LNCO was created to simplify the tax positions for various owners. If you have an IRA your tax is ordinary income upon taking a distribution. For individuals you trade capital gains versus k1 and state income taxes. For Roths its tax free money at a very nice rate.
    Apr 23 11:07 AM | 9 Likes Like |Link to Comment
  • New York cities win right to ban fracking [View news story]
    hank890

    NY was the state I grew up in however I would like to see an energy tax
    based on the net amount of outside energy consumed in the state to be levied on a per person basis. If the politicians' say they want to
    say the state must be pristine then they have to pay for the energy that "spoiled" the other area. I can't wait to see the liberals when each person has to pay $500-2500 a year.
    Jun 30 03:49 PM | 8 Likes Like |Link to Comment
  • Report: Oil going through distillation tower not impacted by crude export ban [View news story]
    p dennis

    I doubt any conservative would embrace a 2% free market they believe 100% or someone is cheating for there own benefit. Until we no longer import oil from abroad the general public will be paying the extra charges.
    Jun 27 05:32 PM | 8 Likes Like |Link to Comment
  • L.A. Loses Millions To JPMorgan's Discriminatory Loans [View article]
    don dion

    LA like California is bleeding from mismanagement and this law suit looks like a great way to defer the glare of how bad things of gotten.
    Jun 9 11:39 AM | 8 Likes Like |Link to Comment
  • Exxon Mobil (XOM) now says 12,500 barrels of oil and water have been recovered from a pipeline that ruptured Friday in Arkansas. Predictably, the spill has turned into political fodder for opponents of the Keystone XL Pipeline. Massachusetts Democrat Ed Markey says the Arkansas spill demonstrates "that transporting large amounts of this corrosive and polluting fuel is a bad deal for American taxpayers." [View news story]
    It would be great if the energy companies refused to sell or transport any form of energy to the state of Massachusetts. then lets see how their fair citizens react.
    Mar 31 05:31 PM | 8 Likes Like |Link to Comment
  • Column: Jeff Immelt is the American Canada needs to lead oil sands clean-up [View news story]
    VIREOMAN

    How about expanding on why from a scientific point of view,
    The oil-sands extraction process can't be "cleaned up."
    Jul 12 12:06 PM | 7 Likes Like |Link to Comment
  • At $25 A Share, General Electric Too Good To Miss [View article]
    uncle pie

    If you take a more reasonable and logical time frame. The turn of the stock market in 2009

    SI was 47.86 as a low and GE was a low of 6.66.
    Since then GE up around 375% while SI is up a respectable 280%.
    SI has returned 17.12 per share so a cash equivalent GE share has returned over 20.00

    I own and like both companies but since the recession GE has done better.
    Jan 28 05:48 PM | 7 Likes Like |Link to Comment
  • General Electric: A Surprisingly Large Dividend Increase [View article]
    doc 47 and rubel

    If you feel your not being treat right why are you in the shares?
    Dec 16 09:02 AM | 7 Likes Like |Link to Comment
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