phubaiguy

Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time

Yeah Hot Richard...now fix all that's wrong with your own nation.
Dang foreigners out there with nothing to do!

Bank of America Punishes Customers Who Dare to Have a Balance

Wouldn't be too hard to pay for a few percents rise in credit loses with some extra charges would it? So the post I just left that predicted gloom and doom because of them is null and void perhaps. What can I say here other than let the price alter the demand. If it's too expensive..find somewhere else. Someone will get the idea they can take their business away by charging less. Who are the biggest unmentioned losers in all this? Granny and Grandpa who live off interest. Good thing they grow their own garden.

Want to Jump into Rallying Financials? Get a Strong Stomach

This research firm is probably accurate long term. If you don't know what you're doing here what better place I ask for long term than a beaten down bank that's guaranteed not to fail? As a research firm it does not deal with the importance of rumors speculators put out to drive prices down such as nationalization which BTW was just pulled on RBS last week driving AFL here down. It can do very little good for you in the situation right now because if you are a long term player you might as well buy big banks..except that they may not pay dividends because of TARP..which is trying to get their stock prices up..which tend to fall..when dividends are cut. Don't ask me, ask the government.