Financial Reforms are Working!

Discussion in 'Politics' started by judyd, Oct 19, 2010.

  1. judyd
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    judyd Active Member

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    I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
     
  2. Mr. Shaman
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    Mr. Shaman Senior Member

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    The least-educated are always the last to find-out. (See: Teabaggers)

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    The Daily Rundown

    @ 21:25

    [​IMG]
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    So, banks posting billion dollar losses is the aim of Financial Reform? Who knew?
     
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    Last edited: Oct 19, 2010
  4. Annie
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    Annie Diamond Member

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    Judy, where the hell is the link to what you're posting?
     
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  5. judyd
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    judyd Active Member

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    email this morning from CNNMoney.
     
  6. The T
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    The T George S. Patton Party Supporting Member

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    They're all over the place in Giggle Search...

    This one is good as any on the first page...

    Bank of America Corporation today reported a net loss of $7.3 billion, or $0.77 per diluted share, in the third quarter of 2010, including a non-cash, non-tax deductible goodwill impairment charge of $10.4 billion.

    SOURCE


     
  7. judyd
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    judyd Active Member

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    No, I take it to show that now that they have to be honest and above-board with their customers, they can't make as much money. Before there were regulations they were doing whatever they wanted, no matter how much they screwed the consumer.
     
  8. VaYank5150
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    VaYank5150 Gold Member

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  9. VaYank5150
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    VaYank5150 Gold Member

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    So, basically, they are not posting a loss...they are projecting future losses against their prior projections of fucking every person they could?
     
  10. Annie
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    Annie Diamond Member

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    So, who made the new rules?
     

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