What's new
US Message Board - Political Discussion Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Killing Them Softly...

Seawytch

Information isnt Advocacy
Joined
Aug 5, 2010
Messages
41,616
Reaction score
7,278
Points
1,860
Location
Peaking out from the redwoods
Republican candidates Rick Perry, Michelle Bachmann and even Newt Gingrich have been calling for the repeal of the Dodd/Frank banking regulations bill, claiming that these regulations are KILLING the banking industry.

Such a horrid death...

 
Last edited:

Photonic

Ad astra!
Joined
Sep 5, 2011
Messages
2,746
Reaction score
248
Points
48
Location
California

theDoctorisIn

Platinum Member
Senior USMB Moderator
Joined
Aug 12, 2009
Messages
37,810
Reaction score
7,308
Points
1,140
Location
In the center of it all
Republican candidates Rick Perry, Michelle Bachmann and even Newt Gingrich have been calling for the repeal of the Dodd/Frank banking regulations bill, claiming that these regulations are KILLING the banking industry.

Such a horrid death...


What about the smaller startup banks? Seems like it's only profiting large banks.

Smaller, "startup" banks aren't the ones playing games with derivatives, or "too big to fail".

Dodd-Frank doesn't have anything to do with the local East Bumblefuck Savings and Loan.
 

Conservative

Type 40
Joined
Jul 1, 2011
Messages
17,082
Reaction score
2,053
Points
48
Location
Pennsylvania
4 banks proves the industry as a whole is in awesome shape, profit wise, eh?

Bofa lays off 3,500; profits down

Citigroup: U.S. Banks’ Profits to Decline 45% in Third Quarter
U.S. banks’ profits are expected to decline an average of 45% during the third quarter, according to Citigroup (NYSE:C), with volatile credit markets and the global equities sell-off paring earnings from trading and investment banking.


FDIC: banks which have failed since October 1, 2000
There are hundreds on the list.


Number of Troubled U.S. Banks Rising
The U.S. Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are reporting good returns for banks, but analysts say those numbers can be misleading, because the 10 largest and most currently successful banks make up more than half the market. A more revealing number may be the 888 banks on the FDIC’s “problem list,” which tracks banks that do not have enough assets to protect them against risk. This number is up from just 50 in 2006, and now represents one-ninth of all FDIC-insured banks. That combined with a high number failing banks paint a different picture of U.S. bank vitality and could lead to economic fallout.
 

flacaltenn

Diamond Member
Staff member
Senior USMB Moderator
Moderator
Gold Supporting Member
Joined
Jun 9, 2011
Messages
62,131
Reaction score
17,186
Points
2,180
Location
Hillbilly Hollywood, Tenn
Republican candidates Rick Perry, Michelle Bachmann and even Newt Gingrich have been calling for the repeal of the Dodd/Frank banking regulations bill, claiming that these regulations are KILLING the banking industry.

Such a horrid death...


It's not hard to be "up 24%" when you were in the toilet the previous year.. And the other posters got it right. Dodd especially has ALWAYS been in the back pocket of the larger banks. Dodd/Frank is the way we rid the country of having smaller local choices.. Congrats for supporting that..

Most regulation tends to favor the big guys... And DoctorIsIn NEEDS to worry about 1st Bank of BumbleFuck...

http://www.biztimes.com/news/2011/6/10/dodd-frank-act-spells-trouble-for-small-banks\

After all, Congress passed D/F as a blank bill and the regulators are STILL WRITING THE LAW. "Won't know what's in it until AFTER we pass the bill" as Nancy says.. Long after..
 
Last edited:

USMB Server Goals

Total amount
$515.00
Goal
$350.00

New Topics

Most reactions - Past 7 days

Forum List

Top