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Larger push back has started

I wonder if the banks would still be keen on pushing all of these political agendas if we stopped collectively bailing them out when they make these billion/trillion dollar gambles and lose? Had Buffet not stepped in at Obama's request and buy $5,000,000,000 of tanking BOA shares, they would be gone already. Anyone think there wasn't insider trading going one here?

https://www.cnbc.com/2017/06/30/warren-buffett-just-made-a-quick-12-billion-on-bank-of-america.html




Would be nice to see more local banking. ATMs aren't going away, so what would be the downside?

I doubt $600,000,000 is anything BOA is concerned about, however it is a shot across the bow, which is a start. May be time for an exocet with them though.

https://www.youtube.com/channel/UCwHsnyWOaQNtrGjJKsTgegg
 
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Citibank is baking only the cakes/customers they favor.
One would think this to be ironical for a public vendor.
The Banksters will be out for blood on this move.
Last they understood they make the rules.

R
 
I wonder if the banks would still be keen on pushing all of these political agendas if we stopped collectively bailing them out when they make these billion/trillion dollar gambles and lose? Had Buffet not stepped in at Obama's request and buy $5,000,000,000 of tanking BOA shares, they would be gone already. Anyone think there wasn't insider trading going one here?

https://www.cnbc.com/2017/06/30/warren-buffett-just-made-a-quick-12-billion-on-bank-of-america.html




Would be nice to see more local banking. ATMs aren't going away, so what would be the downside?

I doubt $600,000,000 is anything BOA is concerned about, however it is a shot across the bow, which is a start. May be time for an exocet with them though.
Buffett gets all this credit for being a clever genius, but he is fed deals that might as well be insider shit. He buys most of his stock below the market, sometimes in the form of special preferred stock not offered to the public
 
I use a credit union, those are better, but do have a shittybank CC, however, I've never had a problem making any purchases with it. I don't get it.

When I was in the army though, back in '04, this one guy bought a part to make a Glock fire full auto, it replaces the cover on the back of the slide with one that has a lever. One side is semi, the other full auto. Small part. He ordered it from Germany or Austria or some place like that, I can't recall. He showed everyone on his computer. I told him it was illegal to do that, to be careful. Nobody ratted him to the feds, but ATF showed up at his parents house and took all of his shit and said he was "lucky he was in Iraq". Lucky. Anyway, they didn't charge him but took all of his weapons and he had some nice things.

Who narc'd him out? His CC company. Wanna say it was Visa but I could be wrong about that.

He's lucky, could have been worse, but it's another example of the banks basically being a financial arm of enforcement of policy.
 
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