Killing Them Softly...

[Seawytch]

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...

• Profits at JP Morgan up 13%
  
• Profits at Citgroup up 24%
  
• Profits at Wells Fargo up 29%
  
• Profits at Morgan Stanley up 17%

 

[Photonic]

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...

• Profits at JP Morgan up 13%
  
• Profits at Citgroup up 24%
  
• Profits at Wells Fargo up 29%
  
• Profits at Morgan Stanley up 17%

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

 

[theDoctorisIn]

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...

• Profits at JP Morgan up 13%
  
• Profits at Citgroup up 24%
  
• Profits at Wells Fargo up 29%
  
• Profits at Morgan Stanley up 17%

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]

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]

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...

• Profits at JP Morgan up 13%
  
• Profits at Citgroup up 24%
  
• Profits at Wells Fargo up 29%
  
• Profits at Morgan Stanley up 17%

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..

 

[Montrovant]

[ame=http://www.youtube.com/watch?v=7YAEWrnOtrY]Fugees - Killing Me Softly [HQ] - YouTube[/ame]