tag:blogger.com,1999:blog-6244999628674918029.post8049291182972284241..comments2024-03-29T04:54:50.435-05:00Comments on Bayou Renaissance Man: When bureaucrats wipe out your investmentPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6244999628674918029.post-15680192239427152332017-06-15T16:39:47.980-05:002017-06-15T16:39:47.980-05:00Sounds like they're trying to encourage invest...Sounds like they're trying to encourage investment in the First Bank of In The Mattress.Feather Bladehttps://www.blogger.com/profile/16295997298154977506noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-37913787213773243032017-06-12T16:54:36.741-05:002017-06-12T16:54:36.741-05:00Jonathan H:
Since most major churches and/or thei...Jonathan H:<br /><br />Since most major churches and/or their groups are mostly SJW converged, I would advise close inspection of any investments controlled by them. Logic and rational thinking in areas connected with money and businesses are severely impacted when they attain control. They can be counted on to make poor decisions, since profit is not even on their list of objectives. They drive out good people, so a recent history of personnel changes is a red flag.Willhttps://www.blogger.com/profile/00722792638246578812noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-65818525844070291352017-06-12T14:25:04.279-05:002017-06-12T14:25:04.279-05:00Somewhat ... I use USAA but have never gotten a lo...Somewhat ... I use USAA but have never gotten a loan through them because their terms were not as good, so (as a example) they might be safer, but things could still happen, especially if a property bubble bursts. <br />I have heard of tools that let you look a bank's exposure to various issues, but I don't know if the information is publicly available or not.<br />It depends on the individual institution how good/ bad they are.<br />One little known investment that I like is certain Church Investment Funds; all of them have a good history but only some have good returns, and you have to be involved in that denomination to invest in their fund.Jonathan Hhttps://www.blogger.com/profile/10476185257203343474noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-46672506301172039502017-06-12T12:59:00.675-05:002017-06-12T12:59:00.675-05:00Nope. Credit unions make similar bad loans on a sm...Nope. Credit unions make similar bad loans on a smaller scale.<br /><br />Either invest your savings in rental property, or stocks with a good P/E ratio ( not available now, wait until the US stock market corrects ), or buy physical precious metal, and store it privately.Kristophrhttps://www.blogger.com/profile/08370888276707569365noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-75095149988872250852017-06-12T11:09:30.427-05:002017-06-12T11:09:30.427-05:00Would using USAA or other credit union provide som...Would using USAA or other credit union provide some protection?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-8355706815512129912017-06-12T10:34:56.764-05:002017-06-12T10:34:56.764-05:00That's why I keep no money in the bank.That's why I keep no money in the bank.Gorges Smythehttps://www.blogger.com/profile/08777621500611603786noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-9987181586532805532017-06-12T10:07:00.588-05:002017-06-12T10:07:00.588-05:00This simply proves something I have been saying si...This simply proves something I have been saying since I was 13; we need a hunting season on Bureaucrats. Say; one month, no bag limit, moderately expensive permit (monies going to pay down the National Debt). Let the little weasels shoot back if they can get permits as private citizens ... which should damp their enthusiasm for gun control.C. S. P. Schofieldhttps://www.blogger.com/profile/18307088118631856756noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-24004289970970622802017-06-12T09:52:46.363-05:002017-06-12T09:52:46.363-05:00Agree with SiG, it IS coming here, just a matter o...Agree with SiG, it IS coming here, just a matter of time.Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-3273651329991254362017-06-12T09:37:15.459-05:002017-06-12T09:37:15.459-05:00If the bankers involved went to jail for a million...If the bankers involved went to jail for a million years, I could still put my money in a bank but that's not how it works. We lose all our money, bankers pocket a $7million bonus and go on to 'lead' other banks through insolvency. I don't think I'm alone. I want all of them dead.HMS Defianthttps://www.blogger.com/profile/10024721130102173694noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-48787669469889291562017-06-12T09:31:44.783-05:002017-06-12T09:31:44.783-05:00I agree with Dave that it LOOKS like it wasn't...I agree with Dave that it LOOKS like it wasn't as bad as it could have been; while the article doesn't go into it, the holders of those specialized bonds were likely BIG investors or other financial firms, and bonds and stockholders are the last in line for assets if there had a bankruptcy. <br />We really need more details to know how good or bad the situation really is.<br />It appears to me to be unlike what happened in Cyprus where 'ordinary' people's accounts were frozen and accounts over 100,000 Euros were trimmed. People with that much cash in their accounts are not 'ordinary', though I agree it is a concerning precedent. To me, the freeze on accounts was the worst part.<br />Jonathan Hhttps://www.blogger.com/profile/10476185257203343474noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-79038700890439248392017-06-12T08:54:20.120-05:002017-06-12T08:54:20.120-05:00It appears to NOT have included the worst of the b...It appears to NOT have included the worst of the bail-in features, taking the depositors money (a "haircut") to pay off the bank's obligations. So far. <br /><br />The horrible Dodd-Frank law guarantees such things are coming here, exactly as you imply, by formalizing that some banks are too big to fail. These TBTF banks have essentially been given taxpayer protection for however stupid they can become. <br /><br />Privatize the profit, socialize the losses - the worst possible model to run anything. From the standpoint of the one who pays for the losses and doesn't get the profits. <br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-58026139271537058042017-06-12T08:33:40.128-05:002017-06-12T08:33:40.128-05:00The counterargument--and it's not a very stron...The counterargument--and it's not a very strong one--is that if the bank had been allowed to fail (as it should have been), the investors and bondholders would have been wiped out anyway (in that order, at least under US bankruptcy law), so the net effect is about the same.<br /><br />Now, that assumes the bank is <i>completely</i> underwater; if it had any assets after paying depositors, those could have gone to bondholders in <i>pro rata</i> share, and if anything after to that, to shareholders similarly. We don't know, and without the formalities of bankruptcy court, never will. I'm not arguing that this was a good solution, just that it seems to place the loss where it would have occurred anyway. Better that than the taxpayers--better the voluntary investors than making the whole populace "investors-by-force."davehttps://www.blogger.com/profile/13579043129470256468noreply@blogger.com