Dallas Fed Prez calls for the immeadiate break up of TBTF banks

[Bigerik]

Good read. Scary stuff indeed.

[Bigerik]

Then again, with strong, effective regulation, it wouldn't be a problem. Our big 5 banks own even a bigger percentage of the market than yours do, but we didn't lose any of them in the meltdown.

[merrylander]

Originally Posted by Bigerik

Then again, with strong, effective regulation, it wouldn't be a problem. Our big 5 banks own even a bigger percentage of the market than yours do, but we didn't lose any of them in the meltdown.

And they are so much friendlier to deal with than here. RBC deposite a check of mine in the wrong account. When so informed they quickly found the error put the funds in my account along with an extra $100 as an apology.

Recently Amex lost one of my checks and advised me to put a stop payment on it. They credited my Amex card with $40 for the stop payment, RBC only charged me $10.

They operate down here as well, The TD in TD Ameritrade stands for Toronto Dominion.

[BlueStreak]

So, making the open ended commitment of giving the "job creaters" whatever they want, ostensibly to keep them from screwing us out of what we have left, is cause for concern in your mind?

I tend to think that these people believe they are entitled to unlimited wealth and the rest of us are entitled to----nothing. And, that if we fail to keep our guard up, "nothing" is precisely what we will end up with.

Dave

[piece-itpete]

You know, rereading that, I think it's a backhand at the Congressional Dems.

Pete

[merrylander]

Originally Posted by piece-itpete

You know, rereading that, I think it's a backhand at the Congressional Dems.

Pete

Pete they have all been bought, Dems and GOPs, why do you think that the top 1% walked off with 93% of the income last year. Don't spend you share of the 7% all in one store.

Big business got organized and they pay to have articles written and published spreading their propaganda. They shower $$$ on the pols - because getting elected anymore takes big $$$. When the unions were strong they volunteered at getting out the vote but now that they have been decimated voter participation is down.

If money is speech whose voice do you think is heard - yours, mine or the Koch brothers?

[CarlV]

I think this pay for fail is almost as good as those trying to bring down the USA for personal gain with derivitives and such..

(03-28) 10:19 PDT NEW YORK, (AP) --

The CEO of Bank of America was paid $7.5 million last year — six times what he got in 2010. That's according to an Associated Press analysis of a regulatory filing out Wednesday.

The bank says Brian Moynihan's pay package for 2011 included a salary of $950,000, a $6.1 million stock award and about $420,000 worth of use of company aircraft and tax and financial advice.

It happened in a year when Bank of America stock plunged 58 percent. The bank struggled with lawsuits from investors who had bought securities backed by problematic mortgage loans
http://www.sfgate.com/cgi-bin/articl...4D10.DTL&tsp=1

Carl