If Obama is a Socialist committed to wiping out profits, how'd this happen?

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Finally moving beyond a trading debacle that has stained his once-stellar reputation, JPMorgan Chase’s chief executive trumpeted a strong quarter of earnings stemming from a surge in mortgage lending.





The latest quarter’s profit, up 34 percent, to $5.71 billion, helped do that.




He pointed to the bank’s robust growth across its business units, especially in its mortgage banking unit, which reported a profit increase of 57 percent from a year earlier.



“We believe the housing market has turned the corner”.


http://dealbook.nytimes.com/2012/10/12/jpmorgan-quarterly-profit-rises-34/


Wells Fargo posted record earnings in the third quarter thanks to its booming mortgage business… The company posted a 22 percent rise in net income to $4.94 billion (88 cents per share) from $4.06 billion (72 cents) a year earlier.



Wells' booming mortgage business accounted for much of its strength in the quarter. Mortgage originations rose to $139 billion from $89 billion in last year's third quarter.



"Real estate is getting better," Wells Fargo chairman and CEO John Stumpf said. "We saw it in housing, and every quarter we have more confidence."




http://www.sfgate.com/business/article/Wells-Fargo-posts-record-earnings-3944173.php#ixzz298iQa95l
 
Like clockwork Dune leaves and LegionTroll arrives. On the weekends these two trolls occupy the board for pretty much 48 hours straight.
 
cawacko said:
Like clockwork Dune leaves and LegionTroll arrives. On the weekends these two trolls occupy the board for pretty much 48 hours straight.
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So you have nothing to add to the discussion.
 
Hey troll is your school playing on TV right now? Oh yeah, you didn't go to college you just live in your moms basement.
 
What does obama have to do with it? It's taken 5 years for the market to hit bottom, and with all the foreclosures and short sales, prices are even becoming resonable. And interest rates are in the toilet! It's just like John McCain said in '08: Sooner or later, they're going to have to reset the system and get on with life. Remember, there's still about 80% of us working. If I could afford a traditional down payment(15 or 20%), I'd buy right now, too.
 
callinectes said:
What does obama have to do with it? It's taken 5 years for the market to hit bottom, and with all the foreclosures and short sales, prices are even becoming resonable. And interest rates are in the toilet! It's just like John McCain said in '08: Sooner or later, they're going to have to reset the system and get on with life. Remember, there's still about 80% of us working. If I could afford a traditional down payment(15 or 20%), I'd buy right now, too.
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What does Obama have to do with it?

Doesn't he get the blame for higher gas prices, unemployment and other economic events?

Isn't he a Marxist/Socialist dedicated to destroying America, capitalism. and free enterprise?
 
callinectes said:
What does obama have to do with it? It's taken 5 years for the market to hit bottom, and with all the foreclosures and short sales, prices are even becoming resonable. And interest rates are in the toilet! It's just like John McCain said in '08: Sooner or later, they're going to have to reset the system and get on with life. Remember, there's still about 80% of us working. If I could afford a traditional down payment(15 or 20%), I'd buy right now, too.
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Maybe if you stopped voting against your own interest like a moron, you could afford a down payment, like a normal person.
 
Ah poor trolls. Probably bet on 'SC and lost. Now they are bitter. Lost the coin collection they saved up in legions momma's basement. I'm sorry kid.
 
FactsRStubborn said:
It is the only one you posted.
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Apparently you can't count to two.

Get a grown-up to read the OP to you.

FactsRStubborn said:
Why don't you post for all of the corporations in the country to compare?
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So your position is that unless "all of the corporations in the country" are enjoying increased profits, the incumbent has failed?

FactsRStubborn said:
The bottom line is your boy OWEblahblah is losing and you are having a hard time dealing with it.
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My "boy"?

Please, post some more stupid, racist shit for me to laugh at.
 
\\((|))// said:
Apparently you can't count to two.

Get a grown-up to read the OP to you.



So your position is that unless "all of the corporations in the country" are enjoying increased profits, the incumbent has failed?



My "boy"?

Please, post some more stupid, racist shit for me to laugh at.
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Yep your boy. Look at the polls. Apparently your trolling isn't helping. Maybe it is hurting him
 
FactsRStubborn said:
Yep your boy. Look at the polls. Apparently your trolling isn't helping. Maybe it is hurting him
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Funny, until very recently I don't recall you exhorting anyone to "look at the polls".

BTW, nice deflection from your fuck-up.

Post some more.

I want to laugh.
 
\\((|))// said:
Funny, until very recently I don't recall you exhorting anyone to "look at the polls".

BTW, nice deflection from your fuck-up.

Post some more.

I want to laugh.
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Are you saying the economy is going gangbusters? If so the american people don't believe it.

Don't worry when your boy loses you can wrap yourself in the warm comforter of calling everyone a racist to help you get through the long cold winter
 
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