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Old 04-17-2020, 01:11 PM
 
5,472 posts, read 3,222,211 times
Reputation: 3935

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Some people can't stand the truth to be posted when it comes to Trump.... as if they are such a self blind devoted cult member, fully obsessed with trying to protect Trump and Right Wing Insidiousness and void out truths, to keep the cult type mentality group under containment, with a dose of "one liner drama fix" injections.

Truth and Reality is, "they" only delude themselves, because the truth does not care about the idiocy of their denials.

Quote:
Bank of America CEO to Trump: Focus on virus first, not return to normalcy

Bank of America CEO Brian Moynihan told reporters Wednesday that in the "war" against the virus "you have to work hardest to protect the people who are fighting the war for you" — medical professionals and first responders. Second, he said, there is a need to provide financial protection to people who lost jobs because of the nationwide shutdown, via unemployment benefits, stimulus payments and small-business assistance.
These Bankers have resources to get top level medical information and advice they know how to related that to their Economic Advisers, and they know the long term damages of Trumps Rush to try and Open the Economy... "and they are not falling for what Trump is promoting"..

No one cares if Trump can't make his debt payment on his over leveraged properties... and that will not be a personal agenda of his, that he thinks he can strong arm Governors, Threaten Congress and Try and Claim himself Absolute Authority.... as if he thinks the mass of Americans are as gullible as his cult followers.

Thank goodness these Bankers spoke up... and they won't be rushing over to patronize Trump's Properties and filling up his eateries to buy over priced food, at the risk of their own lives.

If he keeps talking about Rushing to Open the Economy, eventually Deutsche Bank is going to get tired of it, because they know the damages rushing will cause, they may just as well "spill everything they know on Trump, and it would be great is they'd "call in the loans"... The world will watch him trying to lie and manipulate his way out of it by incessant attacks.. but when it come to the debt he owes, his belligerence won't make the debt holders go away... and Nobody, is willing to Refinance anything For Trump... when they can Seize it and Sell It.

See Article:
Quote:
This Is Trump’s Fault
The president is failing, and Americans are paying for his failures.
APRIL 7, 2020

David Frum
Staff writer at The Atlantic

Last edited by Chance and Change; 04-17-2020 at 01:19 PM..
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Old 04-17-2020, 01:30 PM
 
Location: Del Rio, TN
39,855 posts, read 26,482,831 times
Reputation: 25742
No surprise the bankers want this to continue-and for a number of reasons.

1) Banks are making a fortune processing government-backed loans to small businesses. Free money for them-they want this state of affairs to continue.

2) Bankers are still collecting a paycheck, just like politicians.

3) Banks like it when people can't afford to pay their mortgages. It allows them to foreclose on properties that are largely paid off and flip them, making the banks a fortune.
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Old 04-17-2020, 01:35 PM
 
9,873 posts, read 7,195,178 times
Reputation: 11460
Quote:
Originally Posted by Toyman at Jewel Lake View Post
No surprise the bankers want this to continue-and for a number of reasons.

1) Banks are making a fortune processing government-backed loans to small businesses. Free money for them-they want this state of affairs to continue.

2) Bankers are still collecting a paycheck, just like politicians.

3) Banks like it when people can't afford to pay their mortgages. It allows them to foreclose on properties that are largely paid off and flip them, making the banks a fortune.
1) The banks are getting 3-5% to process the loans. That's squat to them when they can earn 15-20% on credit cards

2) I agree

3) Banks has no desire to be in the real estate business - foreclosure is a last resort.
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Old 04-17-2020, 01:38 PM
 
Location: Native of Any Beach/FL
35,666 posts, read 21,030,020 times
Reputation: 14230
Foreclosures are on hold anyways - my eyes are on the vultures. The attorneys ready to sue.
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Old 04-17-2020, 01:41 PM
 
Location: USA
18,489 posts, read 9,149,606 times
Reputation: 8522
I never thought I’d see the day when the bankers, of all people, would be telling a president not to sacrifice human lives for the sake of the economy.
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Old 04-17-2020, 01:43 PM
 
Location: Del Rio, TN
39,855 posts, read 26,482,831 times
Reputation: 25742
Quote:
Originally Posted by robr2 View Post
1) The banks are getting 3-5% to process the loans. That's squat to them when they can earn 15-20% on credit cards

2) I agree

3) Banks has no desire to be in the real estate business - foreclosure is a last resort.
With credit cards, they actually take some risk. The small business program is done with government money-there is no risk to them. They make money for a minimal amount of effort to process paperwork.
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Old 04-17-2020, 02:56 PM
 
17,874 posts, read 15,921,623 times
Reputation: 11659
Quote:
Originally Posted by Toyman at Jewel Lake View Post
No surprise the bankers want this to continue-and for a number of reasons.

1) Banks are making a fortune processing government-backed loans to small businesses. Free money for them-they want this state of affairs to continue.

2) Bankers are still collecting a paycheck, just like politicians.

3) Banks like it when people can't afford to pay their mortgages. It allows them to foreclose on properties that are largely paid off and flip them, making the banks a fortune.
1 and 2 can happen regardless of a pandemic.

Only 3 is a possibility to be true.
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Old 04-17-2020, 03:12 PM
 
Location: The High Desert
16,068 posts, read 10,726,642 times
Reputation: 31422
Quote:
Originally Posted by Freak80 View Post
I never thought I’d see the day when the bankers, of all people, would be telling a president not to sacrifice human lives for the sake of the economy.
That’s a indication of how bad things are. Sadly, Trump’s advisors can’t get through to the stable genius. He’s still betting on a shortcut and his ability to squirm out of trouble by pointing blame at everyone else while tossing lies to his worshipful followers. The country isn’t buying it. There is no confidence in his word or actions or that it is safe to reopen the economy no mater how many gun toting bumpkins he can convince to parade in front of cameras.
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Old 04-17-2020, 03:37 PM
 
Location: Cape Cod
24,456 posts, read 17,199,589 times
Reputation: 35716
Do you really think that Trump wants to get the economy open again because his properties are suffering? Ok maybe but I would say that he wants to open it as soon as safely possible because he knows that working Americans would rather be working and making money for themselves and family than sitting at home having to rely on the Gov. to take care of them.




The Democrats have forgotten how fiercely independent Freedom loving Americans can be. Trump has not.

America is better when it is working.



When are you Democrats going to "get" Trump? It has been 3+ years. The guy is an optimist that wants everyone to be happy and do well for themselves. He is like a maitre D that wants everyone to have a good time. As soon as people realize this they will feel better about life, the economy and themselves or else it is going to be a long miserable time until 2024 rolls around..
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Old 04-17-2020, 03:41 PM
Status: "College baseball this weekend." (set 3 days ago)
 
Location: Suburban Dallas
52,681 posts, read 47,932,189 times
Reputation: 33839
Liberals, if you don't want America to get back to work and get this economy rolling again, then go ahead and stay home inside your insidious little bubbles. I dare you! The rest of us, on the other hand, don't want to sit around.

America is going to come roaring back, and it's going to be great!!!!
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