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| User Info | Lionized? You're Kidding, Right? in forum [Ticker] | |||
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Genesis Posts: 66464 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1480-L....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-01 08:50:19
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Jstanley01 Posts: 2332 Incept: 2008-07-30 
San Antonio, Texas
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Tickerguy wrote..I can think of a handful of other adjectives that better describe this situation, which we have seen repeated over and over during this fiasco. How about "Scam"? "Ripoff"? "Charade"? "Myth"?Not to worry, Bennie Boy is on the case... Quote:Bernanke to Urge ‘Strong’ Consumer Protection in House HearingAll better now? ---------- Come on. It's just a ****ing casino. The markets have nothing to do with reality most of the times.. until they suddenly do... -- Peezdets Last modified:
2009-10-01 09:05:00 by jstanley01
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Curbyourrisk Posts: 1617 Incept: 2008-08-19 Long Island, New York
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Well said. We need to go back and take all the 10-K's and hand over the signature lists to the FED's. Everyone that signed off on these results should be open to persecution (prosecution too!, but persecution sounds better). We are beyond trying to fix the system....now we are scrambling to save the system. So far...the system has utterly failed us, and the government regulators have stood by and watched as they repeatedly lied and sheated thier way to bonuses and payouts. We need someone in politcal office who actually has balls....No more of these leech****s in Congress standing by and idling watching the American way get destroyed. New requirement for people in comgress.....CAN NOT BE A EUNUCH! ---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009  Last modified:
2009-10-01 09:04:38 by curbyourrisk
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Asimov Posts: 21236 Incept: 2007-08-26
east tennessee Online
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Quote:a pattern of intentional conduct designed to deceive regulators and the public as to the condition of these institutions. Hm... Since multiple organizations are involved, ratings agencies, banks - even the fed, I wonder what would happen if somebody had the balls to start a RICO investigation... ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2009-10-01 09:06:22
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Tjeffersonsghost Posts: 1824 Incept: 2009-01-26 
Yes, I'd Hit It
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Quote:The cost of Georgian’s failure confirms that the bank’s asset values were too optimistic. I want to puke after reading this comment. WE HAVE BEEN SCREAMING ABOUT THESE "OPTIMISTIC VALUES" FOR MONTHS NOW!!!! Most of the to big to fail criminal international banks are using these same "optimistic values" or in other words THEY ARE ALL INSOLVENT! "STOP THE LOOTING START THE PROSECUTING" "END EXTEND & PRETEND" Last modified:
2009-10-01 09:10:01 by tjeffersonsghost
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Berkleyreindeer Posts: 533 Incept: 2008-07-22 Minneapolis , MN
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No one has yet explained to me why a bank, receiving electronic information, is allowed to hold more than the correct amount on a debit transaction. until then, I claim shenanigans!
---------- It'll get worse. Just wait. 2009-10-01 09:07:55
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Sigmaseek Posts: 6 Incept: 2009-05-08
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"No one has yet explained to me why a bank, receiving electronic information, is allowed to hold more than the correct amount on a debit transaction. until then, I claim shenanigans!" Read the contract you sign when you open a checking account and you'll see. If any one is stupid enough to let these banks prey on them and not switch to a bank that doesn't prey on them, then the preying bank deserves everything it gets. There are thousands of banks and credit unions that want business. These stupid customers are time consuming and expensive to service. As much as people want to try, you just can't protect stupid from stupid. 2009-10-01 09:21:29
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Ptoemmes Posts: 75 Incept: 2009-04-13
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"We are far beyond where we should have been demanding full forensic audits of every bank in the nation to determine the extent to which "loss hiding" through "optimistic" valuations have infested those institutions we call "too big to fail", along with the community and mid-sized banks." OK if we start with the FED? Pete 2009-10-01 09:27:23
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Sharon Posts: 1495 Incept: 2008-02-10
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I used to bank with BOA, and I remember many of these games well. If your finances are tight, that $20 (then) pre-authorization, when you only want to buy $10 worth of gas and have only $15 in your account, will give you quite a turn when your card is declined at the pump on your way to work in the morning. Then there's this: Quote:Or shall we talk about ATMs and online balance systems showing uncleared funds as part of your "balance", thereby encouraging you to overdraw your account - and allowing it at an ATM without a warning that it will incur an overdraft fee too! I can also remember checking my balance at the ATM and getting balance that was subsequently proved to be more than was actually in there. These problems go back about ten years, but they are still festering in my memory. Are there no laws requiring banks to provide an accurate accounting of funds to customers and retailers? It is actually bizarre that a bank would be allowed to provide customers with an inaccurate accounting of their funds--pleading that this is the way their computer system does it. They get by with this because people are uninformed, busy with their lives, and painfully aware of the futility of discussing this with Customer Service. Banks' conduct was actually even more outrageous during the 70s. My bank would wait three days after I deposited my paycheck to post it, but checks drawn on the account were posted for the day they were dated--which was typically two or three days before the bank even received them. This little scam prompted me to pay a visit to Customer Service in person. It's hard to understand why there is a regulatory vacuum surrounding these accounting tricks. It's also hard to understand why there have seemingly never been any journalists around to call these guys out and inform the public. It's also hard to understand why I didn't start keeping my money where our local old-timers do: in my overalls' pocket. 2009-10-01 09:44:02
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Mikeit83 Posts: 236 Incept: 2009-06-19 East Coast
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One of my friends works for BoA in Charlotte, NC. I told her my reasons for leaving BoA... the ****ed up fees and re-prioritization of fees, the crappy investments, the collusion with fed to by ML, the Flag Fiasco in SC, and finally- that the FDIC is a joke- and while BoA is a big bank- it will take just a minor hiccup to expose how bad their books are. The only come-back she had was that the flag fiasco was an over-reaction to a mistake by the manager. I told her I could partially believe it was a mistake- but I told her it was an unforgivable mistake. I told her the manager, as far as I knew, was still employed by BoA- and that is why people are ****ed. The manager should have been canned. And finally- she offered me this. She said she was worried about her job because there are serious rumors of shutting down operations in Charlotte and moving the HQ to NYC. Hmmm..... 2009-10-01 10:05:23
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Deejunk Posts: 389 Incept: 2008-10-11 Now DC - Solar Power.
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They lie on the telephone inquiry line. I use a BOA CC for business for gas so that I don't have to prepay at the register. I went to Boston to a business convention last week and made some purchases. When I got back home the BOA telephone system said that I had the full line of credit available to me. It's a lie. ---------- If the egg won't hatch... Fry it! Ready for serious inflation, deflation & collapse of the US & Global economic & market systems?  http://www.youtube.com/watch?v=fm4iU0yx9....Last modified:
2009-10-01 15:16:12 by deejunk
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Sondog Posts: 46 Incept: 2009-05-18
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Hey look at this: http://www.bloomberg.com/apps/news?pid=2.... It seems Georgian bank wasn't even on the list of troubled banks! WTFFFFFF!!!!! How bad are the "troubled" banks?? What a frikkin joke. 2009-10-01 10:53:47
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Nazbuster Posts: 8 Incept: 2008-10-20 Danville, CA
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Karl, Excellent post as usual. Question: Are you getting the ear of anyone in a position to do something about this? You have made so many issues clear enough to require action, but I have not encountered any indication that congress or the AG's office is doing anything to address enforcing the constitution. Give us a glimmer of hope that someone is listening. Last modified:
2009-10-01 11:31:59 by nazbuster
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Blackswan Posts: 3362 Incept: 2007-11-06
Execution Pit Online
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I believe banks operate exactly like an offshore online casino. A possible solution to this is to threaten bad press. I don't use online casinos anymore and when I did it was small bets. Whenever you had issues with these clowns all you need to do is just threaten to share the experience on the many online gambling discussin forums. Problem solved and your withdrawl of winnings is magicly processed. Perhaps threatening a youtube video will make the BOA criminals reverse the looting fees too. ---------- The market can crash further then you can remain short. Trade the moon cycle not the tape you want. 2009-10-01 11:42:07
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Mro Posts: 31 Incept: 2009-03-27 Toronto Online
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May I propose: Lionize: (verb, transitive) to apply a lion to... cf. Simonize 2009-10-01 11:55:02
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Lucky1 Posts: 44 Incept: 2009-08-05
Pittsburgh
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Hmmm...more like "Lyin'-ized!" Naz: I think you are on to something there. Trying to get the attention of anyone in the Federal Government is probably useless - after all, they are all part of the Federal Government, i.e., "on the same team". The way to start cracking this nut will be on the State level with various State's Attorneys' General. There are plenty of consumer protection laws and bank fraud laws, etc. on State books. I would think that even a determined local Sheriff's office, as Officers of the Courts could make some headway into some of the banking issues, after all, they are the ones that ultimately enforce the foreclosures. What if a local Sheriff came to the conclusion that the local BofA (or countless other entities, as well documented here and elsewhere) office was perpetrating a fraud and closed the place down? Possible? Anyone here know? ---------- "Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy." -USSC Justice Louis D. Brandeis: Dissenting Opinion in "Olmstead v. United States" (1928) 2009-10-01 12:39:10
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Cuontheotherside Posts: 4 Incept: 2009-05-18
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And with all of this (as you call it) ‘blatant fraud’ some still think that there is a chance that the Fed will be truly audited. “How log will this continue” … the next political cycle where those seeking office expose those in office or the system goes broke, which ever comes first. 2009-10-01 12:50:04
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Waverider Posts: 2666 Incept: 2007-12-23 Chicago
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Fact is that ****ers have looted the country and we haven't done anything. Now when so many Americans are losing home and eating crumbs, this guy is walking away with millions. I guess reward for going along with Ben and Hank.. 2009-10-01 19:54:29
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Tesla Posts: 7276 Incept: 2008-04-03
Delaware
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Quote:Read the contract you sign when you open a checking account and you'll see. If any one is stupid enough to let these banks prey on them and not switch to a bank that doesn't prey on them, then the preying bank deserves everything it gets. There are thousands of banks and credit unions that want business. These stupid customers are time consuming and expensive to service. As much as people want to try, you just can't protect stupid from stupid. So, it's OK with you that banks have unethical practices, regardless whether they announce them up front or not ? Let me tell you, you are as much a part of the problem as any of these banks. It's attitudes like yours that allow these problems to exist in the first place. There was a time in the not distant past where a business actually prided itself on how well it served its customers, not on what it could hide in the fine print and get away with. Imagine a regulator with your attitude: "People are stupid so they deserve what they get." Do you understand the purpose of regulation, and having cops ? Nice. Clean up your own act while you scream for the banks to clean up theirs. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-10-02 07:09:35
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Gmf56 Posts: 123 Incept: 2008-10-30 coastal mississippi
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Quote:Read the contract you sign when you open a checking account and you'll see. If any one is stupid enough to let these banks prey on them and not switch to a bank that doesn't prey on them, then the preying bank deserves everything it gets. There are thousands of banks and credit unions that want business. These stupid customers are time consuming and expensive to service. As much as people want to try, you just can't protect stupid from stupid. Anytime you wonder how we got in such a mess, read the above. Now we are to be content to be prey for financial predators? Without customers how would banks have a business? Besides being incredibly immoral this attitude is pretty short-sighted. Once you have ****ed all of your customers & ruined them, what do you do for a business? Do they then just own everything, sit on the money and the rest of us spend our lives waiting on them or producing goods for them? Do you think in a system where the wealth and resources have all been funneled up to the top .5% that you are going to be anything than just another serf? lmfao if you do. I think we have had 2 generations of people who have been all for ****ing other people out of money in hopes they would some day be one of the ****ers. 2009-10-05 20:17:35
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