Investmenting Options/Suggestions... - Page 4 - Nubblies.net Forums

thekremlin · 10-05-2011, 07:19 AM

Please. I like to seperate business from pleasure.

Also, f3lix: one, FC pretty much told you what's what. Second, it's pretty obnoxious, if you thought his PA was down a lot of money, to get on him for that.

Saint DH · 10-05-2011, 10:45 AM

You fucking traders short the market to hell and guys like Mistofelees pay the price.

thekremlin · 10-05-2011, 10:59 AM

That's almost exactly what happened.

Repugnant Abomination · 10-05-2011, 01:50 PM

I hope none of you bitches bank with Bank of America.

Also, occupy Wall Street!

Mr. Blonde · 10-05-2011, 02:17 PM

I do not. I'm going to move over to Credit Unions soon. Might keep my Chase account as just a "savings" checking account for my part time.

DJ FC · 10-05-2011, 03:39 PM

Quote:

Originally Posted by Repugnant Abomination

I hope none of you bitches bank with Bank of America.

Dude. Stop it. Bank of America is fine. Your savings are 100% OK. It's the largest fucking bank in America. Scaremongerer.

Repugnant Abomination · 10-05-2011, 03:54 PM

I was referring to the 5 dollar fee they're implementing to debit card users, because the government recently made it so they can only charge .21 cents per transaction, instead of .44 cents.

It costs the banks about .3 cents per transaction.

"...the cap simply evens out the playing field for retailers because the fees Visa and MasterCard had set for banks grossly exceed the cost of processing a debit card transaction by some 400%. After years of raking in excess profits...Bank of America is trying to find new ways to pad their profits by sticking it to its customers."

Bank of America plans to charge $5 monthly debit card fee - Sep. 29, 2011

Ugly Bastard · 10-05-2011, 03:58 PM

No decimal in front of the number if you're putting "cents" after it, n00b.

Also, fuck Bank of America. Received billions from taxpayers in order to stay in business and are now piling on more nitty fees on the same people whose taxes are the only reason they're still in business. Their CEO should be eating Ramen every night, not flying around the world on a private jet. I hope they burn.

Saint DH · 10-05-2011, 05:28 PM

Bank of America is one of the largest commercial banks in the world, lending billions of dollars to corporations and institutions all over the planet. They don't give a fuck about your checking account, they don't need your savings account. These are simply liabilities on their balance sheet.

f3lix · 10-05-2011, 06:13 PM

Apparently most of you missed why I was needling FC - the dow went below 10,500 yesterday and I won the bet.

DDTempest · 10-05-2011, 08:09 PM

Quote:

Originally Posted by f3lix

Apparently most of you missed why I was needling FC - the dow went below 10,500 yesterday and I won the bet.

What was the original bet?

f3lix · 10-05-2011, 08:16 PM

Read page 3

THEINCREDIBLEdork · 10-05-2011, 11:47 PM

Quote:

Originally Posted by Dirty Harry

You fucking traders short the market to hell and guys like Mistofelees pay the price.

It's called making the market more efficient you moron.

EFFICIENT AT MAKING MY HARDEARNED MONAY DISSAPPEAR INTO THIN AIR.

DJ FC · 10-06-2011, 12:43 AM

Quote:

Originally Posted by f3lix

Apparently most of you missed why I was needling FC - the dow went below 10,500 yesterday and I won the bet.

F3lix, you're a poker player, right? So hopefully you understand the concept of "expected value," or "edge."

You bet even money on something that was only about a 1/3 chance of happening. Yes, it happened, and yes I am going to pay out. Would I do the same bet again? Yes. Because my side of the bet was positive expected value. You shouldn't be bragging about this.

angry pancake · 10-06-2011, 12:52 AM

Quote:

Originally Posted by Mr. Mistoffelees

lol djfc you've been hustled and you don't even know it yet, bro!

.

Repugnant Abomination · 10-06-2011, 02:15 AM

thekremlin · 10-06-2011, 04:43 AM

It's just .3% of a penny, who cares?

Ugly Bastard · 10-06-2011, 01:25 PM

Quote:

Originally Posted by Dirty Harry

Bank of America is one of the largest commercial banks in the world, lending billions of dollars to corporations and institutions all over the planet. They don't give a fuck about your checking account, they don't need your savings account. These are simply liabilities on their balance sheet.

This seems like unsubstantiated horseshit to me. The total deposits from consumer checking and savings accounts must add up to some highly substantial sum for them to lend out and invest.

Saint DH · 10-06-2011, 02:12 PM

A checking account deposit is a liability on a bank's balance sheet. They must keep a certain amount of the deposit in reserve to meet the withdrawal demands. Sure, the sum of all these deposits might add up to something significant, and to most smaller banks it does, but a bank the size of Bank of America has no need for your $500 checking account that they have to service for all your transactions. They have large, commercial clients with tens of thousands of dollars and more in deposit. Hell, even smaller banks don't care for people with $400 in their checking account. They can't do shit with that but hold on to it for you, and that's why you'll get hit with service charges and other fees on an account that small.

Repugnant Abomination · 10-06-2011, 02:21 PM

The point is that we bailed these assholes out, and now they're trying to get around new regulations because 200% profit margins on transactions isn't enough, no, they want 400%. This is another example of the costs getting pushed down onto the little guy.

Trickle down economics in action!

Saint DH · 10-06-2011, 02:27 PM

You don't have to use their debit card service. You can use cash or you can switch to another bank. They're providing you a service and can charge you whatever the hell they want for using that service. If you want to blame someone, blame the government imo.

Repugnant Abomination · 10-06-2011, 02:30 PM

You are correct. That's why I'm bashing them and urging anyone who banks there to switch.

It just really chaps my hide that we had to bail these big banks out, and now they're refusing reforms.

THEINCREDIBLEdork · 10-06-2011, 07:37 PM

Quote:

Originally Posted by Repugnant Abomination

It just really chaps my hide

Kovu?

angry pancake · 10-06-2011, 09:18 PM

I've won three consecutive succesdful foreclosure defense cases against BOA all because they didn't have their shit together. The 5th court of Appeals is going to decide one of my cases against them hopefully in 2012.

Saint DH · 01-10-2012, 08:20 PM

RIM is going down. Like we didn't see that coming. They make Blackberry shit. The company is down 75% in the last year. What's interesting, though, is that the company is up 17% in the last two weeks.

It probably doesn't mean anything, and I would expect a slow and structured liquidation over the course of the next couple of years. Probably time for all you Blackberry users (if there are any left) to make the choice: Android or Apple.

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10-05-2011, 07:19 AM	#76 (permalink)
thekremlin Don't call me Shirley Join Date: Jun 2010 Location: London Posts: 3,271 Internets: 220249	Please. I like to seperate business from pleasure. Also, f3lix: one, FC pretty much told you what's what. Second, it's pretty obnoxious, if you thought his PA was down a lot of money, to get on him for that.

10-05-2011, 10:45 AM	#77 (permalink)
Saint DH Senior Member Join Date: Feb 2002 Posts: 6,113 Internets: 284753	You fucking traders short the market to hell and guys like Mistofelees pay the price.

10-05-2011, 10:59 AM	#78 (permalink)
thekremlin Don't call me Shirley Join Date: Jun 2010 Location: London Posts: 3,271 Internets: 220249	That's almost exactly what happened.

10-05-2011, 01:50 PM	#79 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	I hope none of you bitches bank with Bank of America. Also, occupy Wall Street!

10-05-2011, 02:17 PM	#80 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	I do not. I'm going to move over to Credit Unions soon. Might keep my Chase account as just a "savings" checking account for my part time.

10-05-2011, 03:54 PM	#82 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	I was referring to the 5 dollar fee they're implementing to debit card users, because the government recently made it so they can only charge .21 cents per transaction, instead of .44 cents. It costs the banks about .3 cents per transaction. "...the cap simply evens out the playing field for retailers because the fees Visa and MasterCard had set for banks grossly exceed the cost of processing a debit card transaction by some 400%. After years of raking in excess profits...Bank of America is trying to find new ways to pad their profits by sticking it to its customers." Bank of America plans to charge $5 monthly debit card fee - Sep. 29, 2011

10-05-2011, 03:58 PM	#83 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	No decimal in front of the number if you're putting "cents" after it, n00b. Also, fuck Bank of America. Received billions from taxpayers in order to stay in business and are now piling on more nitty fees on the same people whose taxes are the only reason they're still in business. Their CEO should be eating Ramen every night, not flying around the world on a private jet. I hope they burn.

10-05-2011, 05:28 PM	#84 (permalink)
Saint DH Senior Member Join Date: Feb 2002 Posts: 6,113 Internets: 284753	Bank of America is one of the largest commercial banks in the world, lending billions of dollars to corporations and institutions all over the planet. They don't give a fuck about your checking account, they don't need your savings account. These are simply liabilities on their balance sheet.

10-05-2011, 06:13 PM	#85 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	Apparently most of you missed why I was needling FC - the dow went below 10,500 yesterday and I won the bet.

10-05-2011, 08:16 PM	#87 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	Read page 3

10-06-2011, 02:15 AM	#91 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638

10-06-2011, 04:43 AM	#92 (permalink)
thekremlin Don't call me Shirley Join Date: Jun 2010 Location: London Posts: 3,271 Internets: 220249	It's just .3% of a penny, who cares?

10-06-2011, 02:12 PM	#94 (permalink)
Saint DH Senior Member Join Date: Feb 2002 Posts: 6,113 Internets: 284753	A checking account deposit is a liability on a bank's balance sheet. They must keep a certain amount of the deposit in reserve to meet the withdrawal demands. Sure, the sum of all these deposits might add up to something significant, and to most smaller banks it does, but a bank the size of Bank of America has no need for your $500 checking account that they have to service for all your transactions. They have large, commercial clients with tens of thousands of dollars and more in deposit. Hell, even smaller banks don't care for people with $400 in their checking account. They can't do shit with that but hold on to it for you, and that's why you'll get hit with service charges and other fees on an account that small.

10-06-2011, 02:21 PM	#95 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	The point is that we bailed these assholes out, and now they're trying to get around new regulations because 200% profit margins on transactions isn't enough, no, they want 400%. This is another example of the costs getting pushed down onto the little guy. Trickle down economics in action!

10-06-2011, 02:27 PM	#96 (permalink)
Saint DH Senior Member Join Date: Feb 2002 Posts: 6,113 Internets: 284753	You don't have to use their debit card service. You can use cash or you can switch to another bank. They're providing you a service and can charge you whatever the hell they want for using that service. If you want to blame someone, blame the government imo.

10-06-2011, 02:30 PM	#97 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	You are correct. That's why I'm bashing them and urging anyone who banks there to switch. It just really chaps my hide that we had to bail these big banks out, and now they're refusing reforms.

01-10-2012, 08:20 PM	#100 (permalink)
Saint DH Senior Member Join Date: Feb 2002 Posts: 6,113 Internets: 284753	RIM is going down. Like we didn't see that coming. They make Blackberry shit. The company is down 75% in the last year. What's interesting, though, is that the company is up 17% in the last two weeks. It probably doesn't mean anything, and I would expect a slow and structured liquidation over the course of the next couple of years. Probably time for all you Blackberry users (if there are any left) to make the choice: Android or Apple.