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Ergoman

Ergoman
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  • Taking advantage of a loophole in Dodd-Frank, JPMorgan (JPM) plans to move its least profitable checking account customers to new accounts relying prepaid debit cards. New regulations prevent banks from charging high fees to those who overdraw regularly or keep low balances, but place no such limit on prepaid cards. There you have it.  [View news story]
    Oh, this is so unfair! Why should irresponsible people have to bear the cost of their irresponsible actions? Perhaps Dodd-Frank should have issued Govt check books to all those having a "needy" state of mind. Hurrah for JPM for finding a way around a provision of law which should not have existed in the first place. If their high maintenance customers don't like the deal, they can always shuffle over to BAC.
    May 8 05:48 PM | 2 Likes Like |Link to Comment
  • Shares of Herbalife (HLF) lose 3.3% in premarket trading after the David Einhorn Effect continues to weigh on the stock. In the latest blow, Caris downgrades the company to Hold on fears that Einhorn will present his thesis on HLF at the Ira Sohn conference. [View news story]
    This whole thing with Einhorn is ludicrous.The beauty of HLF is its flexible, multilevel business model that makes money no matter which way you point it. I don't think Einhorn "gets" it. Perhaps he has control issues which are defied by the model. His original querie had no bearing on anything. It was nonsensical. It will be interesting to see how he explains it - if he even attempts to do so. HLF will emerge as the champion it is.
    May 9 02:18 PM | 1 Like Like |Link to Comment
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