Posted: 10/4/2011 6:56:18 AM EDT
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And the march of stupid proceeds...
http://www.cnbc.com/id/44770831 This guy is the biggest tool ever to occupy the White House. Carter? Sheeit. FDR? At least he authorized the Doolittle raid. 
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
ROFLCOPTERZ in red. |
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And the march of stupid proceeds... http://www.cnbc.com/id/44770831 This guy is the biggest tool ever to occupy the White House. Carter? Sheeit. FDR? At least he authorized the Doolittle raid.
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
ROFLCOPTERZ in red. So did most on Here blast it. Glad so many on here think like Obama |
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And the march of stupid proceeds... http://www.cnbc.com/id/44770831 This guy is the biggest tool ever to occupy the White House. Carter? Sheeit. FDR? At least he authorized the Doolittle raid.
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
ROFLCOPTERZ in red. So did most on Here blast it. Glad so many on here think like Obama I didn't see anyone here advocating government intervention, though. Most who hate the fee realize it is there because of the sweet laws Obama has signed. |
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And the march of stupid proceeds... http://www.cnbc.com/id/44770831 This guy is the biggest tool ever to occupy the White House. Carter? Sheeit. FDR? At least he authorized the Doolittle raid.
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
ROFLCOPTERZ in red. The scary thing is that people nod their heads in agreement when he says stuff like this rather than just acknowledging the fact that they can go to a different bank if their current bank is not giving them what they consider to be a good deal. I don't get what the big fucking deal is with whining about banks. It's not like TV, Phone, Oil, or Operating System companies where you only have a couple choices to begin with. There are THOUSANDS of banks and credit unions where you can take your business. Vote with your feet for crying out loud. |
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I dont agree with the new "fee" but is this really "Presidential worthy"?
Ill admit, while Bush was in office I was in my HS, College, and "first job" phase and didnt really pay that much attention but I cant recall any President sticking their nose in the private sector and having to shoot their mouth off about everything. BOA Everything relating to the "the officer behaved stupidly" and "beer summit" Sending his attack dogs to dig up dirt on "Joe the Plumber" etc etc He cant help but sling mud at the private sector. Bush was called everything but a saint and he didnt get his ego bruised to the point of calling people out. |
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Well, he is on the campaign trail (Well he has been since 2006), so of course he is going to say things to resonate with upset people.
But, he is someone who never had a real job, never had to pay people to work for him, never had to make a profit, so how does he understand what BofA is doing? You don't have to like what BofA is doing, but you are free to leave the bank if you desire. Unlike the government where you can't stop paying taxes if you desire... |
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OK, OK. Let me get this straight.
Bank of America, the largest bank holding company, and the second largest bank in terms of market share, which: 1) has been having a desperate time of trying to raise capital over the past few months, 2) has been taking a shit-kicking over its choice to levy new ATM fees, 3) has been having chronic website and ATM network problems, likely related to (2), and 4) has just had its stock damn near wiped out due to (2) and (3). For reference, their asset sheet is something in excess of Two Trillion Dollars. Given these facts, is right now a good time for the President of the United States of America to start chirping them on national TV? Last time BoA went tits up, it cost the Fed $45 billion dollars to shore up their balance sheet. If they go under again, recapitalization ain't gonna cut it. No one will want to do business with them, and they will be liquidated. The Fed will be on the line for a crapload more than $45B, as they insure deposits, and whatever isn't insured with vanish, sending a shock through what remains a very fragile system, possibly causing more institutions to go bankrupt., etc, ad nauseam. I mean, the PotUS shouldn't be chiming in on individual firm's actions anyway, but to start chirping BoA is really just counterproductive. Obviously so. It's getting harder and harder to attribute this guy's actions to incompetence, instead of actual malevolence. |
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Typical liberal bullshit. Inflict social justice on big business. Big business responds by charging more to compensate. Liberals get in a tizzy and scream for more social justice. I don't understand why they can't grasp the concept of trickle down economics. It's so blatently obvious that only a scholar could fail to recognize it
The GOP should make this example the centerpoint of their campaign. Bottom up economics just doesn't work. |
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They knew damn well what they were doing when they passed that law. Like most of their "solutions" to problems, it's all about pandering to stupid people. They never considered 2nd, 3rd, etc. order effects...the old law of unintended consequences. Look at the way voters respond. They don't have to. |
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I've hated BofA for their fees and bullshit for a long time. Wait for it... I don't do business with them. I won't use any of their banking services but I'm considering dropping some coin on a couple thousand shares while it's cheap. If this Obama scheme gains any traction, the shares stand to get even cheaper.
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And the march of stupid proceeds... http://www.cnbc.com/id/44770831 This guy is the biggest tool ever to occupy the White House. Carter? Sheeit. FDR? At least he authorized the Doolittle raid.
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
ROFLCOPTERZ in red. Ya know, I'm reading a book by the title "Bully Boy" about Roosevelt and his "trust busting". This situation would fit right into the book. Create the problem, then solve it with government intervention. |
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I mean, the PotUS shouldn't be chiming in on individual firm's actions anyway, but to start chirping BoA is really just counterproductive. Obviously so. It's getting harder and harder to attribute this guy's actions to incompetence, instead of actual malevolence. Bring it. TRG |
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I wonder how many people are going to die over this whole ATM/Debit fee goatscrew.
This thing has the potential to drive a "lot" of people back to folding money for their transactions, inducing more people to carry hundreds of dollars cash in their wallets. Mo money = mo stickups. the consequences, they are unintended? extra derpoints: increase in stickups == increase in gun crime == more fodder for gunbanners.  there's your 3-dimensional chess 
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Good grief... perhaps that jug-eared motherfucker really is about as bright as a black light. Anybody smarter than a sack of shit could figure this one out.  Also, this is the most *blamingest administration I've ever seen or ever heard of... who does this shit? *new word, enjoy. |
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I've hated BofA for their fees and bullshit for a long time. Wait for it... I don't do business with them. I won't use any of their banking services but I'm considering dropping some coin on a couple thousand shares while it's cheap. If this Obama scheme gains any traction, the shares stand to get even cheaper.
True. Even a better time to buy more! I look at myself as a stock scavenger. 
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Good grief... perhaps that jug-eared motherfucker really is about as bright as a black light. Anybody smarter than a sack of shit could figure this one out.
Also, this is the most *blamingest administration I've ever seen or ever heard of... who does this shit? *new word, enjoy. He's not that stupid, but his minions are though. He will say, tell, do, lie, blame, accuse, or whatever it takes to get re-elected. Right now king barack is attacking the evil capitalist banks and for that he's a hero. He could take their welfare away and blame it on Bush and they'd fall for it. |
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I've hated BofA for their fees and bullshit for a long time. Wait for it... I don't do business with them. I won't use any of their banking services but I'm considering dropping some coin on a couple thousand shares while it's cheap. "Cheap"? They are losing $1.70 a share. Plus, their ridiculous float is what is making them "cheap". BAC has 10M shares outstanding. Compare that with Citigroup with 3M float and you'd have the stock at $15/share and losing $5 a share. Citi is $22/share and earns over $3 a share. BAC is garbage LT and is only good for daytrading due to its crazy volume. |
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I've hated BofA for their fees and bullshit for a long time. Wait for it... I don't do business with them. I won't use any of their banking services but I'm considering dropping some coin on a couple thousand shares while it's cheap. If this Obama scheme gains any traction, the shares stand to get even cheaper.
True. Even a better time to buy more! I look at myself as a stock scavenger.
Meh. When i scavenge, i look for stuff that still has meat. Dried bones don't do much for me.
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