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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (39023)	8/31/2010 6:41:57 PM
From: Paul Senior	3 Recommendations Respond to of 78702

I take the position that free enterprise eventually runs amok without a countervailing source. And that there are pluses and minuses of government involvement with banks. I'm surprised how much of bank profits are from overdraft or overdrawn charges. Government regulation now of some apparently egregious bank overdraft practices will cut these profits --- until banks figure out a way around them. Regardless if they do or not, banks like WFC provide home loans, car loans, commercial loans, credit cards. Banks "should" be profitable from all this. And now there are fewer banks, so that might help the biggest banks. I see BAC at new low. I've picked WFC as my bet, and as it drops (like today), I am adding to my few shares.

To: maverick61 who wrote (39023)	8/31/2010 6:48:13 PM
From: Jurgis Bekepuris	9 Recommendations Read Replies (3) \| Respond to of 78702

Way OT. I love how every fricking "free market" capitalist is dissing the government that managed to prevent the full meltdown caused by the fricking Wall Street types and even managed to push through some regulation of the excesses. Was the government execution ideal? No. Was it good? Yes. But, noooo, all these hedgies and billionaire Wall Street types would rather see a full collapse than to pay some fricking tax on their cap gains. And don't anyone touch the GS sacred cow. And god help anyone touches their bonuses. They'd cry to high heaven that "system is rigged" if they don't get that $1B per year. F*** them! It's not them who have to keep money in collapsing banks that play their roulette casino CDS-f'king-squared. It's not them that can't buy a fricking healthcare for their families. Move to a fricking No-tax-no-governmentistan if you don't like paying taxes in US you f'king shitbags. For normal people US is still pretty good and getting better in some ways. And, yeah, I'm happy to pay my taxes and to (co)pay for my healthcare. :)