There is reasonable risk for a reasonable return on investment and then there is the highly risky speculation that the major banks engage in currently. I just don’t want to have to bail them out again when they have lost money to speculation.
An oil company is a license to print money. A deregulated “banking” industry, with removal of Glass Stiegal, became a license to steal, not just “gamble”.
from interviews on TV I learned that JPM lost $2 Billion in loans overseas, not in the USA….and that $2 Billion loss is 2% of total earnings of JPM.-banks exist to make loans. all loans are risky to some degree.the problem comes when the government forces or coerces loans for home mortgages to persons with no ability to repay.or when government creates laws/regulations that hamper business decisions, or that rush in with federal funds to “bail out” poor management or the results of government interferences.-every farmer can tell you that each year is a “gamble” due to unforseen weather or other conditions. for that matter, life is a “gamble” on this earth, except when faith in God’s promises make it worth the troubles all humans face.
Steveh16 about 12 years ago
There is reasonable risk for a reasonable return on investment and then there is the highly risky speculation that the major banks engage in currently. I just don’t want to have to bail them out again when they have lost money to speculation.
Dtroutma about 12 years ago
An oil company is a license to print money. A deregulated “banking” industry, with removal of Glass Stiegal, became a license to steal, not just “gamble”.
disgustedtaxpayer about 12 years ago
from interviews on TV I learned that JPM lost $2 Billion in loans overseas, not in the USA….and that $2 Billion loss is 2% of total earnings of JPM.-banks exist to make loans. all loans are risky to some degree.the problem comes when the government forces or coerces loans for home mortgages to persons with no ability to repay.or when government creates laws/regulations that hamper business decisions, or that rush in with federal funds to “bail out” poor management or the results of government interferences.-every farmer can tell you that each year is a “gamble” due to unforseen weather or other conditions. for that matter, life is a “gamble” on this earth, except when faith in God’s promises make it worth the troubles all humans face.
Jason Allen about 12 years ago
“Use Credit Unions and Small Banks.”It’s a good idea, but it doesn’t help my company sponsored 401k.
pnorman1 about 12 years ago
Credit cards or debit cards? There is a difference.