Seeking Alpha

Jack K » Comments » C

  • Contemplating the Demise of Bank of America, Citi and JPMorgan [View article]
    Banks make money by loaning out money to people who will pay them back more. Period. When credit is flowing, they can extract a lot out of people and get away with it. When credit is tight and people and/or businesses become concerned with the difficulty in paying back more money than they borrowed, doesn't it make sense that bank traffic will be reduced, especially amongst those with the ability to repay. I was always amazed at how easily banks write off capital, when they have to generate a lot of activity to make up a dollar lost.
    Jan 21 05:20 am |Rating: +8 -1 |Link to Comment
  • New Limits on Credit Card Companies: Is Hell Freezing Over? [View article]
    Great article but I thought I would add my 2 cents.
    "educating customers" and "letting the chips fall where they may" only works within a highly financially literate society - i.e. not in the U.S.)
    But they credit companies write things in legaleze, so very few people actually can understand it.

    "amount that the industry stands to lose in annual revenue, if the rules go into effect as proposed, would be about $12 billion."
    Well, who stands to gain that? The american consumer. Maybe it can be put to better use. Or reduce the overall debt in the country.
    Dec 18 22:26 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]



    On Nov 26 02:24 PM eddie64 wrote:

    > MARKET BOTTOM & REVERSAL UPWARD -- WITH FORCE:
    > will occur when...........
    > [1] SEC reinstates UPTICK RULE;
    > [2] Mark-to-Market accounting discontinued;
    > [3] Sarbanes/Oxley reversed;
    > [4] Naked Short Sellers prosecuted;
    >
    > All at ZERO COST to the taxpayer, and $$$$$ Trillions returned to
    > our investment, college & retirement accounts!!!!!!!!!!!!

    >
    >
    > The question is WHY AREN'T THESE BEING DONE??????????


    Great points. But the answer is that government NEVER reduces their control. They only add to it. And with Dems in control it will only get worse.
    Nov 27 07:08 am |Rating: 0 0 |Link to Comment
  • That Sucking Sound? It's FDIC Insurance Taking Over [View article]
    Backed by the full faith and credit of the almost bankrupt United States government
    Aug 12 05:48 am |Rating: 0 0 |Link to Comment
  • Examining Citigroup Ten Years Later [View article]
    Makes you see Mr, Weill in a different light than how he is portrayed on the financial channels of the world.
    Apr 07 07:49 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Waxman is a communist. If you quoet him you lose all credibility
    Mar 07 05:36 am |Rating: 0 0 |Link to Comment
More on C by Jack K
Comments by Ticker
Jack K's
Comments Stats
84 comments
Rating: 36 (59 - 23 )