Let me start this, my first post in a long while, by saying that because of my experiences with Bank of America, I am definitely not a fan of Bank of America.
In short, I found their customer service to be non-existent. Their tellers are… condescending at best, and more times than not – just plain rude. And don’t even think of applying for a loan from them unless you have enough money to buy the bank.
All of this said, I am completely on their side in this idiotic onslaught of the media and these “protesters” (read George Soros and MoveOn.org rent-a-mob morons).
What has Bank of America done wrong? They are paying bonuses that they are legally obligated to – and if they didn’t follow through on those contracts? They would be faced with litigations that would cost them millions to defend and they would still have to pay those bonuses. These are bonuses which were legally negotiated to bring high quality people to Bank of America, and in turn those people earned Bank of America a lot of money. Money which made Bank of America a more viable institution and better investment for all the various entities who invested in Bank of America. I hope I am not loosing anyone yet.
Ok, well I will forge on – wanna guess who some of those investors are? Union pension plans, teachers’ pension plans, government pension plans… wanna guess whose IRA’s and 401K’s are taking a hit and who, when they figure this out, won’t put two and two together and realize they are the cause of their own destruction? The very teachers, union members, IRA, and 401K owners who are screaming about how vile Bank of America is for paying these bonuses. I doubt that they were bitching when Bank of America’s stock was leading those same investment instruments.
This brings me to another issue that the business of any company is to make a profit, and as Bank of America is a business entity; its primary mission is to show a profit. Without a profit the employees won’t have jobs, the shareholders (those teachers, union members, government employees, retirees… whose pensions have been invested in business entities like Bank of America) will not have anything more than what they have been able to stuff into their mattresses.
Where am I going here?
Well, like I said: Bank of America is in business to make money and how they do that is operating as a financial institution.
Now, let’s look at one of the latest problems facing the US banking and financial system: HR 4173 – Dodd-Frank Wall Street Reform and Consumer Protection Act.
In a nutshell, this is legislation that is completely detrimental and harmful to the banking system and ultimately, by extension – the US banking consumer.
How?
Well, this “financial regulatory reform act” imposes all kinds of new charges and taxes on the banking system while at the same time forcing it to reduce charges to its consumers. Now, one of the amendments included in the Dodd-Frank bill was placed there by when it hit the Senate by Illinois Senator Richard Durbin. This amendment mandates a reduction in transaction fees and 44¢ to 24¢ every time a credit card’s swiped.
What was the expected cost to banks for this reduction to the US banking system? 14 Billion dollars a year.
And it is specifically this cost that caused Bank of America to institute a monthly $5 charge to use their debit card.
So what happened when Bank of America tried to recoup these costs?
Everyone begin whining and complaining about how Bank of America is mistreating their customers – let’s get real, Bank of America is only doing what it is SUPPOSED to be doing : protecting its revenue flow, protecting its shareholders, and protecting the investments pension plan managers have made on behalf of their clients.
Senator Dick Durbin even went to the floor of the US Senate and called for the customers of Bank of America to “Get outta that bank! Go to a smaller community bank where they’re not charging you these fees and ripping you off,”.
Which is real sad when you think back and realize that it was his amendment that brought all this about in the first place.
Posted in Banking system | Tagged Bank of America, Banking system, bonus, bonuses, Dodd-Frank, financial regulatory reform act, financial regulatory system, HR 4173, Richard Durbin | 10 Comments »
So here it is the morning after the supposed Second Coming or Rapture or End of the World or whatever… and now Christians of all denominations are going to be painted with the same broad brush that should only be applied to the ‘preacher’ who devised this money grab.
Other Christians are going to be laughing at the people who followed this man and his ‘teachings’. Society at large are finding this as just another reason to laugh at ALL of those stupid Christians and their silly beliefs – I would love to, but won’t go into some of the tenants other religions hold near and dear…
Do I, as an Atheist, see this as a good reason to laugh? Does it re-enforce my belief that ‘God’ is created in the image of Man, by Man, and for Man to oppress and subjugate his fellow Man…? It could go a very long way to furthering my philosophies…
Again – am I going to laugh at these people who followed this man?
No, I will admit that I will shake my head and wonder why someone lets themselves be duped like this.
I fully understand that we each need something to base our lives on – whether it is religion, power, whatever. If we did not, we would be as lawless as rabid dogs in the wild. Instead, a set of social mores and standards have risen up and are based on philosophies of “do good here and you will have a wonderful afterlife”. This is understandable for the betterment of society and the human condition as a whole.
Sadly though, people who base their lives on the Christian religious philosophy are now going to be painted with the same brush as the followers of this nut-job who ran around spewing this nonsense.
At least he did not have his followers get purple sheets cut into triangles or have them meet and all have a celebratory drink of purple Kool-Aid.
The problem is that ALL Christians now have another stain against them as they are lumped in with the very people who had their followers commit those every acts.
We are also going to see a lot of Christians doing something that I refer to as trying to “out Christian” each other – ie: “I’m a better Christian than you are!”, or “God loves me more than he does you because…”.
Ye-eah… ri-ight… “Pride goeth before a fall…” and that fall will be the further vilification of the Christian religion, and its followers.
I don’t think I need to remind Christians everywhere that the Bible tells them not to listen to or follow false prophets and that no one knows the exact day or time for their Rapture…
I guess it all boils down to this – these were a very few people who were grasping at a wisp of smoke in the wind, and not the mainstream Christians who stolidly lead their lives in the face of adversity and now, with a little more humiliation piled on – even as an unbeliever who would undoubtedly been led to the stake first in other times – I still don’t se a reason to ridicule or de-ride even the people who fell for this.
Instead, these people are in need of our – Christians and non-Christians alike – sympathies and support. How would you like to find out that all you have believed in and based your live on is but a scam? Their faith, their… everything may have just been thrown on the ashe-heap of their lives.
Nothing is worse than to take a man’s self-respect – today those people are not only having to deal with a loss of faith, but a loss of their self-respect.
Posted in Christ, Christian, Christianity, End of World, God, hypocrisy, Islam, Rapture, religion, Religious Holy Day, Second Coming | Tagged 2011, Atheist, Camping, Christ, Christianity, Christians, End of World, faith, God, Hale-Bop, Heavan's Gate, Islam, Jamestown, Jesus, Jim Jones, May 21, Morning After, Preacher, Rapture, religion, Second Coming | 6 Comments »
So everyone is wringing their collective hands over Julian Assange, his Wikileaks organization, and the massive document dumps this site has been involved in.
The list of people this dump of primarily U.S. diplomatic cables has pretty much everyone… UPSET, let’s go with that instead of my first choice. Everyone from the Chinese to the Russians, to the Saudis are extremely upset with Assange and some, like the Saudis are probably looking for this guy and if they ever find him – well, I doubt that anyone else will find him. Same goes for the Russians, they don’t seem to have much patience with people who tell their secrets. The White House…? Well, they have condemned the action and say that they are looking into what can be done about it…
And just what are all the secrets that everyone is all up in arms about?
Well, The Saudis want someone (read: the evil Satan – America) to take care of Iran and the threat Ahmadinejad and his whack-job cronies pose.
Oh, they also don’t like being outed as the biggest supporters of groups like the Afghan Taliban and Lashkar-e-Taiba. Now the Saudis would like the rest of the world to think that they are helpless to fight the demands of these terrorist groups when they come calling for money.
Ye-eah… ri-ight… now we know what a lot of people have suspected for a long time. And you can add the countries of Qatar, United Arab Emirates and Kuwait to those who fund Islamic terrorists in the region and around the world.
The Russians – they’re just upset (same as usual) so no news there – move along folks. Funny thing though: they are trying their very best to downplay the whole thing. They are saying that they don’t see it having a lasting effect on their improving ties with Washington… I wonder how warm that makes Assange feel when he snuggles into bed at night?
And the Obama regime… well, they are upset, disturbed, and well… what do you expect them to do beyond condemning the action? I mean, it is putting the lives of US troops in danger and threatening America’s national security… but… oh well, Big Barry has to go to… where DID he run off to this time.
I wonder… if someone leaked his school and employment records… what would the White House response be then?
And Rep. Peter King (R-N.Y.), the incoming chairman of the House Homeland Security Committee, feels that Attorney General Eric Holder has no “sense of urgency” to stop this and other leaks like it.
I disagree – there are other cables in this disclosure that EVERYONE is quietly PISSED OFF! about.
All those cables detailing how the US used some VERY serious strong-arm tactics to pressure other countries to fall into step on the man-made global warming HOAX
.
Yeah, haven’t heard much about those have you? Well, I doubt that ABC news will go bat-crap-crazy in their twirling Dervish dance to spin this and thereby make everyone so dizzy and dazed by it all that they won’t notice the thuggish tactics employed in forwarding the MMGW hoax.
Oh, everyone is wringing their hands and trying their best to sound upset at the revelations concerning how bad the military is – like I am really going to buy THAT!
Just wait, a couple months from now and on into the 2012 campaign season – ABC will be using every one of those documents to show how bad everything in Iraq, Afghanistan, is – all because Bush took us there.
In all the hubbub about Assange what about Manning?
Yeah, Assange has dealt a brutal blow to this country and some of its operations abroad. Should he be prosecuted? I believe so – in the criminal court system for willful disclosure of classified documents, and in civil courts for the damage he had done.
Should the Wikileaks website be allowed to go on being available on the Internet? Oh… now there is a good one.
Let’s look at that and consider that it’s odd that at the very time the US Congress is looking at ‘Net Neutrality’ and in effect, regulating the Internet here, maybe not to the extent the Chinese do – this whole Wikileaks scandal lands with a giant wet PLOP! on everyone’s shoes.
I can hear it now: “Why if there are people out there that will disclose something this damaging, we NEED to do something to stop them!” “We cannot allow this kind of information to be in the public domain!”
What kind of information?
The atrocities that have occurred during a war (it’s a WAR – people get hurt, killed, and things are destroyed) – puh-lease, don’t blow smoke up my skirt on that one. The American media is almost orgasmic over all that they can do with the information gleaned from these documents to slander and smear the Republicans and Conservatives.
Will they go bsc over the revelations that Hugo Chavez thinks that Fidel and Mahmoud are really nice guys? I doubt it.
Will they and others in the government start caterwauling for regulations and censorship of who should have access to the Internet and just what they should be allowed to post on the Internet? There are a number of people who don’t believe that you should have the right to express what you think.
I hope that level heads will prevail here and not fall for the argument that if he wasn’t allowed the access, this would never have happened and that we need to restrict that access so that it doesn’t happen again.
That is not the answer. The answer lies more in the security systems that were breached by the Army Pvt. Bradley Manning, and the callous irresponsibility of Julian Assange.
Posted in ABC News, administration, Afghan/Iraq War, Afghanistan, bin Laden, Bush, Cap and Trade, Climate Change, Conservative, Constitution, Global Warming, homosexual, Hugo Chavez, islamic, ISLAMIC TERRORISTS, Kuwait, Mexican Gangs, Pentagon, Saudi Arabia, Wikileaks | Tagged 2012 election, Afghan, Afghanistan, Ahmandinejad, Brad Manning, Cap and Trade, China Hacked Google, Climate Control, Conservatives, diplomatic cables, dump, Global Warming, Hugo Chavez, Iran, Islamic terrorists, Julian Assange, Kuwait, Lashkar-e-Taiba, Man made, net neutrality, Obama, People’s Republic of China (PRC), Qatar, Rep. Peter King, Republican, Russians, Saudi Arabia, Saudis, Taliban, The White House, war, Wikileaks | 13 Comments »
Rahm Emmanuel is leaving the Obama White House…
I’m just wondering if he is just the first to leave this sinking ship.
And yes, I am going to ask: How long before we hear that the Secretary of State – you know, that gal that was First Lady at one time… yeah, her… haven’t heard much about her lately… Geez, I hate getting old, you forget peoples names so quickly.
Anyway, her name will come to me, what has she been doing and how long will it be before she packs her bags and leaves? What about some of the others in this White House – who will next to realize that the second half of the Obama tenure is going to be nothing more than two years of flailing in quicksand?
Question: if, as it is being reported, Rahm is so upset with getting nowhere in moving the Obama agenda forward, and he sees no change in this situway… why is he staying on for another “six to eight months”?
Is he throwing himself on the sword of failing his “Glorious Leader”? From what I have read: Rahm may not be the most likable person, but no one questions his intellect or his ability to get things “taken care of”.
I can see how the White House and the Democrat Party would like to see him stay until after the midterms: when they loose both the House AND the Senate, and everyone is beginning to see this as a reality – they can use Rahm as the scapegoat for that outcome.
Oh, don’t say “Oh poor Rahm”. This is a guy that has brought a lot of animosity upon himself. Does anyone remember the story an aide to Bill Clinton told of Rahm stabbing a knife into a table while screaming the names of the president’s enemies and yelling “Dead! Dead! Dead!”
According to the reports Rahm is wanting out because no one wants to listen to him anymore, to do his bidding, and that he thinks Obama has not gone far enough pushing HIS agenda…
Hmmm… what about all those Obama bribes and blackmail for votes. Guess that wasn’t enough… Can anyone say ‘SEIU’, I mean brown shirts with clubs and knives bullying people at townhall meetings around the country?
You know what this sounds like to me? An early warning sign from Rahm… the rats are leaving the ship.
Who really can blame him? I mean; he has got to see what is coming and is just beating the rush to the door.
Yeah, there are those who will look on this and say that his leaving is another sign of how the Obama presidency is and has been a LOT more troubled than people have been led to believe. Say that ain’t so…
The latest Rasmussen Reports daily Presidential Tracking Poll for Sunday June 20th show that “28% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-four percent (44%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -16″.
Oh YEAH! I remember what her name is now! Hillary Clinton! I KNEW that it would come to me. Where HAS she been?
Posted in ABC, ABC News, ABCNews, administration, approval, Bill Clinton, Clinton, Democrat, Democratic Party, Obama failure, Presidency, Rahm Emmanuel | Tagged 44%, Bill Clinton, Democratic Party, Forty-four percent, Hillary Clinton, leaving, Obama, Presidential Tracking Poll, Rahm Emmanuel, Rasmussen, SEIU, sinking ship, Strongly Disapprove, White House | 5 Comments »
So the legislatures of Arizona drafted, passed, and then the Governor signed an immigration law (SB 1070) which has as its purpose: “Requires officials and agencies of the state and political subdivisions to fully comply with and assist in the enforcement of federal immigration laws and gives county attorneys subpoena power in certain investigations of employers. Establishes crimes involving trespassing by illegal aliens, stopping to hire or soliciting work under specified circumstances, and transporting, harboring or concealing unlawful aliens, and their respective penalties.”
Now, if you haven’t read the law, i have already linked to it above… but i will probably link to it a couple more times before i’m done on this rant.
Are they superseding the Constitution? Not that i can see; it sure looks a lot like they are standing up for a document that a LOT of poll-iticians in Washington are ignoring.
Could this legislative action be a pre-emptive strike against an adminstration they see as having no respect for the document upon which this country was founded?
Are the lawmakers in Arizona looking at the example of how ObamaCare was Rahmed down the collective throats of an unwilling public? Then, after the fact; States banding together to mount a fight against Obama’s government HealthCare?
Are we seeing a State asserting sovereignty and saying “NO MORE!”?
Are the people of Arizona, and their representatives just sick and tired of the destruction the illegal alien masses have wrought upon their state: its resources and economy.
OH WAIT! “This is racial profiling!” some are already screaming. IT is? Against who? The MAJORITY of illegal aliens are pretty easliy spotted: and ESPECIALLY in the southwest. Yeah, there are a LOT of natve born people of Hispanic descent living down there. And yes, some of them will feel some brunt of this as enforcement will look upon them also.
After about the third word out of their mouths it will be REAL obvious that they are here legally and that will be that. ‘Move along folks – there’s nothing here.’ And for those of you who missed on the reason for that: These people learned to speak the ENGLISH language long ago! THEY are AMERICANS! They are not of that group who thinks that to learn the ENGLISH language (that’s the one spoken by a predominance of the people in this country), is below them.
Growing up in New Mexico i can, and am VERY PROUD to say that i had and still (hopefully even after this rant) have some very dear friends who are of Hispanic descent. And ya know sump-thin’? I do not know a single one of them who welcome this invasion of illegal aliens to our/their homeland.
Oh, and do not start on me that we are all immigrants to this country so we should just open the flood gates to these people… no no no!
Yes, we ARE all descended of immigrants to this country, i take that back: some are here as LEGAL immigrants to this country.
These people; people who have worked within the law, done what they had to do to show that they were worthy of this great land… you have my open arms to welcome you and be there in support of you. To those who are unwilling to meet your dedication, your love of this country and what it stands for – i say they can GO HOME! Come back when they are willing to put out the effort to be here as LEGAL members of society. When they do not look upon this country as owing them something just because they are here.
Look at the mess that California is in: it’s a crater of economic devastation!
And why? The illegal alien invasion.
I could go through and list all the states which have not felt MAJOR negative impacts from the influx of the illegal alien invasion but with the exception of maybe North Dakota, they have ALL suffered.
Oh, by the way… actually the Hispanics from the south are not the only group invading this country: lest we forget – there are people from Asia, northern and southern Europe, Africa (Somolia, Nigeria, Ethiopia…)… about the only place that isn’t suppying the US with as many illegal aliens as they can is Australia.
So… back to the Arizona law that they just enacted last Monday: (SB 1070) – is it Constitutional? Will it stand up against the onslaught of people inside and outside our country who want to tear down the borders of our SOVEREIGN nation? I would love to think so.
Do i think that this is just the beginning salvo in the States standing up and saying “No More!” we have had enough federal meddling and mandating from Washington? Yeah… i think it’s just one of many to come. The States are being crushed under the weight Washington is placing on them and looking at the loss of power that they are experiencing over their own citizenry. To any poll-itician this itself is inexcusable.
How soon can we expect Georgia, South Carolina, Texas (I’m surprised they didn’t beat Arizona to THIS one!), and any number of other States to get on this bandwagon in the anti-Obama revolution?
Posted in Agriculture, American way of life, bi-lingual, farming, Golden State, invasion, native born Americans, New Mexico, Obamacare, Obamascare, Public Option, rationed, Single Payer, undocumented worker, Unemployment, unsanitary conditions, Us Healthcare Overhaul | Tagged American way of life, Arizona, Constitution, Governor, Hispanic, illegal alien, Immigration, Invasion, Jan Brewer, John McCain, La Raza, legislation, Mexican, native born Americans, Obama, Protests, Racial Profiling, Sb 1070, threat | 25 Comments »



