“Get a clue. Banks DO NOT WANT TO OWN PROPERTY!! It's counterintuitive, it's a drag on earnings.”
VOTER on Oct 12, 2010 at 00:10:39
“Banks write mortgages and then unbeknown to the mortgage holders - sold them.
And those same mortgages were often sold off again and again.
So where does the buck stop if not with the banking institution granting the
mortgages in the first place?
IMO, there is a great deal of paperwork missing and many homeowners
may have strong legal cases in their favors.
Years ago, banks did the same thing when they began issuing credit cards to
their customers. Sold off the cards to other companies and often
never told their customers.”
chrisr266 on Oct 11, 2010 at 23:59:24
“Well, given that they're not sure who owns anything anymore, they should relax!”
chuck prebys on Oct 11, 2010 at 23:56:45
But they DO want to dump it off on somebody else asap”
“What's funny is "ironical"? This is my screen name for this blog. Yes I have a real name, just as you. I was referring to Jon Leib whatever it is. I am not a celebrity. I am not on TV mocking morals and ethics hiding behind a "user" friendly name which hides your ethnic background. Why are people going to a sanity campaign? Do they feel insecure?”
“These are all "community banks". As were 99% of the takeovers in 2009. Where's the Huf Post "move your money" now nonsense? Please be careful.”
bthechangeyouseek on Mar 21, 2010 at 11:07:11
“I don't consider Advanta a community bank in Utah. A neighbor of ours worked in management for Advanta for more than 10 years. A little over four years ago she indicated the bank was not doing well and would be closing soon, and she left the company. This bank does not have branches here; one business office location. Possibly sold accounts elsewhere, but mostly managed financial credit for small businesses.”
“bad advice. most of the bank failures this year were community banks. Chase, Wells Fargo, USBank and PNC Financial are all in good condition now.”
Philament on Dec 29, 2009 at 19:22:00
“"most of the bank failures this year were community banks"
If so, why is that? Insufficiently capitalized, perhaps? I don't know, but hopefully the local guys don't have suckier management than the big dogs obviously do. I'd like to see this effort succeed in freaking out the To-Big-To-Fail set and in lending greater financial security to communities if it can.”
Cowboylove on Dec 29, 2009 at 19:20:26
“Those banks were propped up by bank bailouts. Community banks were not. No matter, FDIC insures all bank deposits, in big and small banks, up to $200,000. If you have more than $200,000, you need to open multiple bank accounts.
The risk you talk about is non-existent.”
sabela on Dec 29, 2009 at 19:19:53
“That is not necessarily true. A lot of community banks went down but it was the big banks that almost destroyed the country. The local bank my employer uses actually checks the credit of people that want to borrow money. I cannot tell you how many big banks called me for employment verification and all they asked was if the person worked here. They did not ask how much they made, if the job was full time or part time or if the job was seasonal.”
“Commercial real estate loans are a relatively small percentage of bank's balance sheets in general. This crisis that everyone has been calling for the last year has probably been adequately reserved by all the "too big to fail" banks. Some small, newer banks will be affected but nothing to derail the economy.”
“americans wanting jobs is a backlash? when do you stop blaming the previous whatever?”
Elrancho2 on Oct 30, 2009 at 14:01:20
“According to economists (and I am not one) it takes at least 2 years for any change of direction or action to take effect in the wider economy. In other words; if Obama signs a new economic law today, the effects are unlikely to be felt for two years. So please - don't expect Obama to suddenly solve all our problems and turn the country around. It will take time, but at least now, we have someone in charge who is committed and intelligent. This fact alone gives confidence to the markets etc.”
weatherwaxx on Oct 30, 2009 at 01:52:02
“Classic tighty-righty 'logic.' Everything that went wrong under Bush, from 9-11 to the meltdown, was Clinton's fault... until the cleanup job fell to Barack Obama. Now it's all Obama's fault.
It is downright AMAZING how Bush held the White House for eight long, dreary years but somehow is not responsible for ANYTHING.
Get a clue.”
BruceHNV on Oct 30, 2009 at 00:59:17
“When it stops being the cause of what's wrong.
Reagan and successive presidents, most notably Bush, dug us to the bottom of a financial Grand Canyon. It's a long, hard slog back to the top, and just because we're climbing doesn't mean we're there.
The Kaibab trail, which Bush took us down, is steep, so it's only six miles long. The Bright Angel trail, because it is a gentle enough slope for a human to master, is twelve miles. And that's the trail we're on. We've only made a single mile of the climb back out, but you're trying to blame Obama that the trip is not over.
Get real. Quit whining, pull up your socks, and march. And if you're not willing to, don't block the trail for us.”
“I'm sick and tired of fake illnesses and weak willed people. "Oh my back hurts! I want all of you to pay for it."”
SwingingFromCenter on Oct 8, 2009 at 23:54:22
“We've gotta be the sic.kest nation to ever grace the earth. EVERY homeowner seems to have suffered some sort of tra.umatic medical hor.ror.”
SouthPrairie on Oct 8, 2009 at 23:51:15
“I'm sick and tired of fake businesses that claim to provide citizens a service and then do everything in their power to deny them the very service they claim to offer. I believe it is called larceny.”
“Once again the obvious makes headlines. Tell me something I don't know.”
gene poole on Sep 21, 2009 at 19:00:58
“Welcome to How to put a Negative spin on Everything 101”
kev1000 on Sep 21, 2009 at 18:51:36
“My favorite Monkee is Mike Nesmith.”
Idea1013 on Sep 21, 2009 at 18:50:44
“Paramecia, also known as Lady Slippers, due to their appearance, are a group of unicellular ciliate protozoa, which are commonly studied as a representative of the ciliate group, and range from about 50 to 350 μm in length.”