Thousands of small banks will now disappear

And you are being snake oil again. My whole fucking point was the average size house 2,200 sq ft is worth a lot more in beautiful Cali than blast furnace dust bowl Texas.
 
Stargazer said:
FORTUNE -- Do we need to worry about Too Small to Survive?

Now that President Obama has been re-elected, analysts, consultants and dealmakers have turned from whether Dodd-Frank will be repealed to what it means for banks now that it's likely here to stay. The overwhelming conclusion: Thousands of small banks will soon disappear.

Emmett Daly, a Sandler O'Neill dealmaker who specializes in small banks, predicted at an industry conference put on by Mergermarket on Thursday that the number of banks in the U.S. would shrink to a few hundred. There are currently more than 7,000. Bill Egan, head of financial institutions investment banking at Bank of America Merrill Lynch, agreed, but said the weeding out process was likely to take more than a decade.

http://finance.fortune.cnn.com/2012/11/09/banks-disappear-obama/?iid=SF_F_River
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Here's what's funny about this bullshit. This lobbyist doesn't give a shit about 'small banks'. They want Dodd-Frank repealed because Citibank, Chase, and BofA don't like following rules.

Small banks specialize in Savings, Checking, and loans and line of credit to local businesses.

Low interest rates and the Fed's annual stress tests are making it tough for small banks to survive as well. His firm looked at bank profits and capital rules and came to this conclusion: Nearly 2,000 banks need to sell. "There are a large number of banks that are limping toward oblivion," says Mustafa. "Capital requirements have gone up too fast, and rates have gone too low. There's no way out."
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The Fed interest rate effect the people with Savings accounts, CODs and Money Markets. Lines of credit with variable interest rates have their rate specified as the prime rate (index) plus a fixed value commonly called the spread or margin.

Capital requirements protect the consumer and small investor.

Small banks are becoming more competitive as the big banks lose consumer confidence.
 
The Dude said:
Neotool super freak I can hit all day and do better than you!
So the most millionaires and highest real estate are signs of a shitty economy. Lol
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No one expects anything more than strident, primitive mewling from a vulture capitalist defender. What's masquerading as his argument is easily dismissed for the empty noisemaking that it is.
 
Bijou said:
No one expects anything more than strident, primitive mewling from a vulture capitalist defender. What's masquerading as his argument is easily dismissed for the empty noisemaking that it is.
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It's like crickets chirping once you puts them to facts.
 
Bijou said:
No one expects anything more than strident, primitive mewling from a vulture capitalist defender. What's masquerading as his argument is easily dismissed for the empty noisemaking that it is.
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But that is exactly what you never do, if it is so easy then why don't you give us all an example of your erudition and knowledge?
 
Aoxomoxoa said:
Cawacko didn't understand it either and he's from San Fran! I also fail to see what my sex life has to do with my inability to understand psycho babble.
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That isn't your only failure.

I don't give a shit that neither of you understand it. He plays dumb and you're a hapless victim of women. What a pair! Gee, I wonder why I might not be the slightest bit interested in discussion with either of you??

:rofl2:
 
Bijou said:
That isn't your only failure.

I don't give a shit that neither of you understand it. He plays dumb and you're a hapless victim of women. What a pair! Gee, I wonder why I might not be the slightest bit interested in discussion with either of you??

:rofl2:
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This is thread about Dodd-Frank, so you might want to contribute more to the discussion than when asked what you liked about the Bill you said "all of it"!!
 
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