Reforming the Financial System

[frankq]

"Unfortunately you insist on being an ass and not paying attention."

That's where you are mistaken. I pay very close attention and I ask questions. That's how I weed out the bulls from the bullshit artists. The only ass here is the one making ridiculous statements without backing his assertions, while making assumptions and statements about others he knows nothing about. Oh, if you're wondering, I put you in the bullshit artist camp pending further review of any possible serious upcoming information. Nothing personal.....

[lifewasgood]

Oooopppps the wife just read the racist part and started

[lifewasgood]

Hey buddy, I never baited you or called you a racist. I was trying to make a point regarding your claim of discrimination against you.

My comment on discrimination was the Government discriminating against small businesses by not offering bail outs as it did TBTF. But you always seem to want to make it a racial issue or a personal issue which is not what I stated.

[frankq]

"It's called retaining privacy and not revealing who I am as that is none of your business. If you are having problems with credibility than just don't come here and post anymore. Either way, I will continue to post my views and positions regardless of how many times you come over to bait and call me a racist........ "

I didn't call you a racist, but if you insist on saying so, I'll call you a liar. In fact, I demand that you copy my post and quotes in their entirety when commenting on same for all to see. You pulled the discrimination card. I wanted to see if you money was where your mouth was. Fact of the matter is, those big corporations you guys are always badmouthing employ a lot of handicapped, minorities, whatever. In fact our "discriminatory government" goes to great lengths to insist on it, as does our "discriminatory government" directly hire those same people. I'm betting that 99.9% of small businesses would not hire a person they knew was undergoing chemo either due to heath insurance costs and lost productivity, but then again, many, if not most small non-union businesses don't offer insurance anyway. I guess, in reality, we'll never know what you do as hires go. And, unless you're really Bill Gates, I'm sure that disclosing what you do would not reveal your identity. I think you know that too. You can post whatever you want, and the majority of us will see that it's basically unsubstantiated nonsense. Hey, whatever floats your boat. Good luck running your empire....

[frankq]

Hey usaone.......You got any Kryptonite to spare? I'm running low......

[bimetalaupt]

Sept 10, 2011 16:51:15 GMT -5 frankq said:

"It's called retaining privacy and not revealing who I am as that is none of your business. If you are having problems with credibility than just don't come here and post anymore. Either way, I will continue to post my views and positions regardless of how many times you come over to bait and call me a racist........ "

I didn't call you a racist, but if you insist on saying so, I'll call you a liar. In fact, I demand that you copy my post and quotes in their entirety when commenting on same for all to see. You pulled the discrimination card. I wanted to see if you money was where your mouth was. Fact of the matter is, those big corporations you guys are always badmouthing employ a lot of handicapped, minorities, whatever. In fact our "discriminatory government" goes to great lengths to insist on it, as does our "discriminatory government" directly hire those same people. I guess, in reality, we'll never know what you do as hires go. And, unless you're really Bill Gates, I'm sure that disclosing what you do would not reveal your identity. I think you know that too. You can post whatever you want, and the majority of us will see that it's basically unsubstantiated nonsense. Hey, whatever floats your boat. Good luck running your empire....

FrankQ,
Please.. Enough already.. Who , What and Where..Please... If you do not like your banks used the Credit Union and get on the board.. Yes they lend money and pass checks..etc..

OK to all..This is getting out of hand.. You all are a group of geniuses now please post as such.
Just a thought,
Bi Metal Au Pt

[frankq]

Ok. Fun's over. Life ruined it for everybody....

[smackdown]

Reforming the Financial System: Start by closing the banks.

I think I said that previously.

[bimetalaupt]

Sept 10, 2011 19:49:02 GMT -5 sunrnr said:

CLOSE THE BANKS-- save America!

Reforming the Financial System: Start by closing the banks.

I'm not sure what banks you're referring to, but the FDIC has closed over 6000 branches of banks already. Seems you might get your wish .... then what?

++

Sun,
How about Credit Unions.. You can join the Board and they are not for profit...!!! The there is the Texas Agriculture banking systems known as YOUR Local Farm Credit Bureau.

Bi Metal Au Pt

[lifewasgood]

This message has been deleted by moon

[lifewasgood]

This message has been deleted by moon

[moon/Laura]

life, you need to knock it off.

you are being deliberately antagonistic.. argue the IDEA not the person.. remember?


~moon mod

[lifewasgood]

Reforming the Financial system is the subject and I prefer to keep on topic and will resist in the future engaging in meaningless horse manure discussions that lead into off topic hack jobs.

[frankq]

And inaccurate, unsubstantiated, misinformation represented as fact will continue to be challenged.

[smackdown]

"I'm not sure what banks you're referring to, but the FDIC has closed over 6000 branches of banks already. Seems you might get your wish .... then what?"

You mis-spoke... FDIC is consolidating banks so we are getting taller Ivory Towers without ANY reform. Right now, banks are market manipulators while starving the general public of an entire economy. I'd be restoring fundamentals and eliminating all the fraud conduits. Banks have failed America with credit extension. I'd pull it entirely (which severs the Federal Reserve accessibility). A cascade of integral but detached businesses generate a check and balance feature that fortifies stability. As for banks-- without discounted money, they will tap-out in months.

Credit Unions are ONE alternative. There needs to be more.

Statistics: You can get all you want right here: www.fdic.gov/bank/statistical/index.html

Try this one... www.ffiec.gov/UBPR.htm Make sure you review the Off-Book Accounting. That would be the severely lame way they report on the MILLIONS OF FORECLOSURES & REPOSSESSIONS banks are negatively leveraging to hold our economy hostage.

The best bank is a shuttered one.

[smackdown]

[bimetalaupt]

Sept 11, 2011 15:54:32 GMT -5 @smackdown said:

"I'm not sure what banks you're referring to, but the FDIC has closed over 6000 branches of banks already. Seems you might get your wish .... then what?"

You mis-spoke... FDIC is consolidating banks so we are getting taller Ivory Towers without ANY reform. Right now, banks are market manipulators while starving the general public of an entire economy. I'd be restoring fundamentals and eliminating all the fraud conduits. Banks have failed America with credit extension. I'd pull it entirely (which severs the Federal Reserve accessibility). A cascade of integral but detached businesses generate a check and balance feature that fortifies stability. As for banks-- without discounted money, they will tap-out in months.

Credit Unions are ONE alternative. There needs to be more.

Statistics: You can get all you want right here: www.fdic.gov/bank/statistical/index.html

Try this one... www.ffiec.gov/UBPR.htm Make sure you review the Off-Book Accounting. That would be the severely lame way they report on the MILLIONS OF FORECLOSURES & REPOSSESSIONS banks are negatively leveraging to hold our economy hostage.

The best bank is a shuttered one.

V_L,
Around here we have about "Farmers Credit Farm Banks" That lend working capital to farmers at below market rates. Each Bureau belongs to the Farm Credit Bank of Texas that sells bonds with the AA- and F1+ rating from Fitch. This is a win-win-win as they make money and keep Americans feed!! Like that Texas Beef..Sorry about the price but that is because of the drought. We buy a lot of Iowa Corn to feed the beef industry in Texas. . That takes a lot of Texas Farm Bureau M3 to make it to your fork. How about grilling some Texas 1015 sweet onion . Love it with some Texas Merlot!! It is all about money and keeping the farmer on the farm.

Just a thought,
Bi Metal Au Pt

[bimetalaupt]

I miss quote Fitch on Farm Credit Bank of Texas should read AA- and F1+...

FitchRatings
August 12, 2011
Fitch Affirms Farm Credit Bank Of TX's IDRS at
‘AA-/F1+’; Outlook Stable

Fitch Ratings-New York-12 August 2011: Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDRs) of Farm Credit Bank of Texas (FCBT) at ‘AA-’ and ‘F1+’ , respectively. The Rating Outlook is Stable. A complete list of ratings affected by this action can be found at the end of this release.

The affirmation of FCBT's ratings reflects its strong operating performance, good asset quality, sound capital base, and a healthy liquidity position. Moreover, the rating action recognizes that FCBT is managed in a very conservative manner. The bank has implemented risk management standards that minimize concentration risk in its portfolio and, owing to its reliance on funding through a government sponsored entity (GSE), FCBT, as have the other Farm Credit Banks, adopted prudent contingent liquidity and funding plans.

The Stable Outlook reflects Fitch's view of FCBT's ability to manage through the current and anticipated stress resulting from weather related issues, such as the severe drought in its region, or weakness in any specific agricultural sector. Further, the Stable Outlook considers FCBT's ability to meet its mission of providing for the funding and liquidity needs of its agricultural district given a short-term disruption in its access to funding via the Federal Farm Credit Banks Funding Corporation, the funding arm of the Farm Credit System (FCS).

FCBT's ratings could be negatively affected should there be a protracted disruption in access to its primary source of funding, as would significant negative developments in the agricultural sector. The ratings could also be negatively impacted should the FCS lose its GSE status or if there is a change in Fitch's view of support for the system.

FCBT, as well as the other four Farm Credit Banks, have reliable access to the capital markets through a GSE channel. The FCS is currently rated ‘AAA/F1+’ by Fitch. This access is a key factor considered in the rating, as this funding is the primary source of liquidity for FCBT. Access to this funding has been dependable through the period of concern regarding the U.S. Debt Ceiling and the issues surrounding the U.S. Sovereign rating.

While the FCS and FCBT are not guaranteed by the U.S. government, Fitch believes that if the FCS were in need of support, it is extremely likely that it would be provided. However, such support may not extend to obligations of any single district bank, a factor considered in FCBT's rating.

Recognizing its mission to meet the funding and liquidity needs of its district, FCBT maintains a minimum 120 days of liquidity on a continuous basis assuming no capital markets access. As of June 30, 2011, FCBT had 228 days of liquidity coverage. Further, FCBT has established alternative funding sources in the event its traditional funding sources are not available.

Credit quality in FCBT's district has held up well despite weather related stress that has affected much of its region, as well as continued weakness in certain agricultural sectors such as timber, which has been impacted by the slow housing market. Additionally, a potential reduction in farm subsidies or other forms of farm related aid, which may affect certain agricultural sectors, are not expected to have a near-term impact on credit quality due to the increased worldwide demand for agricultural products. Most agricultural sectors have benefited from this demand.

FCBT's good asset quality is illustrated by a manageable level of non-performing assets (NPAs) and minimal net charge-offs (NCOs). FCBT's ratio of NPAs to loans and OREO is 1.6% and NCOs, which peaked at 0.30% in 2010, was 0.13% for the first half of 2011 (1H'11).

The majority of the bank's loan portfolio is comprised of loans to its affiliated associations (70%).This reduces direct credit risk to FCBT as the associations' reserves for loan losses and capital would need to be exhausted before FCBT experienced a loss. FCBT's participation portfolio, which gives the bank more direct exposure to the farmers and ranchers, provides an opportunity to enhance portfolio diversity, as well as profitability. However, it does add an element of increased direct risk to FCBT.

FCBT, with about $#36;14 billion in assets, is one of the five Farm Credit banks in the FCS. FCBT's district spans five states across parts of the Southwest and Southeast. Fitch has affirmed the following ratings with a Stable Outlook: Farm Credit Bank of Texas.

[usaone]

[lifewasgood]

V_L,
Around here we have about "Farmers Credit Farm Banks" That lend working capital to farmers at below market rates. Each Bureau belongs to the Farm Credit Bank of Texas that sells bonds with the AA- and F1+ rating from Fitch. This is a win-win-win as they make money and keep Americans feed!! Like that Texas Beef..Sorry about the price but that is because of the drought. We buy a lot of Iowa Corn to feed the beef industry in Texas. . That takes a lot of Texas Farm Bureau M3 to make it to your fork. How about grilling some Texas 1015 sweet onion . Love it with some Texas Merlot!! It is all about money and keeping the farmer on the farm.

Just a thought,
Bi Metal Au Pt

This is a good example on how localized capital is being loaned. Too bad we don't use the same philosophy with home loans and business loans in every state.

[lifewasgood]

FREE DECOY

No reason to keep him away from this thread.

[frankq]

Free Willy !!!!!!

[lifewasgood]

Freedom of Speech

I guess to the crowd, it's just one of those inconvenient amendments in that ancient document call a constitution.

FREE DECOY