Posted by cccp1014 on 3/23/2018 10:14:00 AM (view original):

Posted by The Taint on 3/23/2018 9:56:00 AM (view original):
Explain to me how over regulation caused Wells Fargo to open fake accounts. I'm genuinely curious.

I run a group. My goal is to book $100k in net income. Because of my compliance costs I need to book $400k in revenue vs. $350k in revenue to garner this $100k. If I don't get the $100k I don't get a bonus and I may lose my job, etc. So I need to solve for the $50k. Each account counts as IDK $5k. I open these fake accounts to get the delta so I can get my bonus and save my job.

So how did governental over-regulation have anything to do with your scenario?

Who held a gun to your head for you to make more money? your company?

Perfect agenda for me and what Trump has not done:
1. Climate Change - Awful. He has no clue what he is doing.
2. Education - Betsy Devos is a train wreck.
3. Healthcare - Train wreck.
4. Foreign/NK - Ruined many foreign relationships, moving embassy was a terrible idea, North Korea is promising.
5. Gun Control - Not going to happen. He and his staff are being loaded with dollars to make sure that they stay out of it.
6. Military - I want the military budget lowered significantly, he has done the opposite. Pointless and idiotic.
7. Race divides - He has capitalized on them to help himself, fanned the flames with Charlottesville and NFL. He may not be a racist, but racists sure love him.

I think those are the main ones, but he really hasn't done anything that I personally care all that much about or didn't expect. The only one on my list that may turn around is North Korea, but that is certainly a long shot.

Posted by cccp1014 on 3/23/2018 10:14:00 AM (view original):

Posted by The Taint on 3/23/2018 9:56:00 AM (view original):
Explain to me how over regulation caused Wells Fargo to open fake accounts. I'm genuinely curious.

I run a group. My goal is to book $100k in net income. Because of my compliance costs I need to book $400k in revenue vs. $350k in revenue to garner this $100k. If I don't get the $100k I don't get a bonus and I may lose my job, etc. So I need to solve for the $50k. Each account counts as IDK $5k. I open these fake accounts to get the delta so I can get my bonus and save my job.

It seems to me that what you are describing Boris, is basically nothing but "pressure" due to corp. policy demanding prescribed "sales quotas" that apparently contain job retention as a "trigger"........ in THIS case the "sales quotas" was the # of (new) accounts opened up. I can even envision regional "contests" with prizes for employees who attain the highest amount of new accounts opened!

Corporate policies regarding motivation and reward for their workforce, to put it simply.
You know.......... bones for the dogs, baubles for the peons, etc.
I get that..... it seems simple.

What I DON'T get is what that has to do with Dodd/Frank or ANY other "regulation" imposed by anyone's Gov't??

I think I'll call bullshit! lol

the banking industry just got de-regulated again by congress.
all the ingredients for the perfect storm are converging.

dino, you old commie, why won't you let the Job Creators™ work their magic?

Posted by cccp1014 on 3/22/2018 7:42:00 PM (view original):

Posted by wylie715 on 3/22/2018 7:02:00 PM (view original):

Posted by cccp1014 on 3/22/2018 6:01:00 PM (view original):

Posted by wylie715 on 3/22/2018 5:40:00 PM (view original):

Posted by cccp1014 on 3/22/2018 4:57:00 PM (view original):
I am not sure what you guys are doing. He won the election. If that upsets you, I am sorry. But he won. He is also doing what he promised he would do during the election. Including exiting the TPP, building the wall, more funding for the military, lowering taxes. I get that you are upset about the result of the election but this is just over the top complaining over an election result. President Trump is the same guy as candidate Trump. To me it looks like you are complaining about the election results...still.

so what? He won the election. I didn't like what he stood for then, why would I like it any better since he won the election? I'm not complaining about the results. I can't speak for anyone else. I am complaining because someone I feel is a liar and a con artist, and a sexist ******* is Presient of this country. You say he is following through on what he promised if elected. To me, all he promised was looking out for himself and all his rich, ******* buddies and that is what it looks to me he is doing. Why would I like it anymore now than I did when he was promising it?

How is lowering the corporate tax rate only helping rich people?

How does lowing corporate tax rate help average people? For the most part I think only rich people own corporations.

Because it leads to higher profits and likely higher stock prices that results in improved 401k returns and higher bonuses and raises for employees.

you think a lot of average Americans are invested in the stock market?

"i can't throw kids in the back of the pickup truck at 11 am, drop them off at the river, and pick them back up at 6 pm

the nanny state sucks in many many ways"

WHAT???

Where?? (who says so?)

Why, where I hole up, we don't "take them" anywhere's, but whenever they gets too annoying or we want rid of 'em for awhile we just hand em the keys to the shed where all the quads are parked and tell em to head down to the creek or somewhere's........heck, that's HOW we expect 'em to learn about life and whatnot. They end up learning how to liquor up proper, skinny dip without embarrassment, fight and fornicate, appreciate nature, Guns, & God all while having a swell time without no hassle for us elders............. ain't that the American way??
Besides, NOWadays they ALL have these little contraptions connected to their hands that LauraLee tells me is "connected" to the phones or some such giving em the ability to summon help should they need it. It takes a village, you know.......... I ain't got enough time for it, that's for daggone sure.

Posted by cccp1014 on 3/22/2018 7:44:00 PM (view original):

Posted by wylie715 on 3/22/2018 7:22:00 PM (view original):
$48 wouldn't even buy me a full tank of gas!

You are the most negative person of all time.

Highly doubtful, and how is it negative for me to point out an undisputed fact. $48 will not buy me a full tank of gas. granted, I live where gas is very expensive and I drive a vehicle with a big gas tank, but that doesn't make it any less true. If you really think $48 a month will make much difference in most Americans lives, than you are probably deluding yourself. Also, that $48 is an average. Some will make much more (the ones that are already rich) and some will make less (the ones that really need the help).

69k savings per year if you make a million or more.


more money than most Americans make in a year.

Posted by laramiebob on 3/23/2018 11:54:00 AM (view original):

Posted by cccp1014 on 3/23/2018 10:14:00 AM (view original):

Posted by The Taint on 3/23/2018 9:56:00 AM (view original):
Explain to me how over regulation caused Wells Fargo to open fake accounts. I'm genuinely curious.

I run a group. My goal is to book $100k in net income. Because of my compliance costs I need to book $400k in revenue vs. $350k in revenue to garner this $100k. If I don't get the $100k I don't get a bonus and I may lose my job, etc. So I need to solve for the $50k. Each account counts as IDK $5k. I open these fake accounts to get the delta so I can get my bonus and save my job.

It seems to me that what you are describing Boris, is basically nothing but "pressure" due to corp. policy demanding prescribed "sales quotas" that apparently contain job retention as a "trigger"........ in THIS case the "sales quotas" was the # of (new) accounts opened up. I can even envision regional "contests" with prizes for employees who attain the highest amount of new accounts opened!

Corporate policies regarding motivation and reward for their workforce, to put it simply.
You know.......... bones for the dogs, baubles for the peons, etc.
I get that..... it seems simple.

What I DON'T get is what that has to do with Dodd/Frank or ANY other "regulation" imposed by anyone's Gov't??

I think I'll call bullshit! lol

Of course.Its not just regulation. Its bad management but the regs just makes it tougher on us bankers to achieve our goals is all I am saying,

Posted by The Taint on 3/23/2018 10:22:00 AM (view original):

Posted by cccp1014 on 3/23/2018 10:12:00 AM (view original):
I believe in it but in dire emergencies sometimes you need a white knight. Obviously it worked out.

so you believe in it until its inconvenient.

You believe in it until BHO has to spend $10Trn to keep the economy moving? Come on man.

Posted by dino27 on 3/23/2018 11:57:00 AM (view original):
the banking industry just got de-regulated again by congress.
all the ingredients for the perfect storm are converging.

I work in banking and we are over regulated in my opinion.

Posted by wylie715 on 3/23/2018 12:07:00 PM (view original):

Posted by cccp1014 on 3/22/2018 7:44:00 PM (view original):

Posted by wylie715 on 3/22/2018 7:22:00 PM (view original):
$48 wouldn't even buy me a full tank of gas!

You are the most negative person of all time.

Highly doubtful, and how is it negative for me to point out an undisputed fact. $48 will not buy me a full tank of gas. granted, I live where gas is very expensive and I drive a vehicle with a big gas tank, but that doesn't make it any less true. If you really think $48 a month will make much difference in most Americans lives, than you are probably deluding yourself. Also, that $48 is an average. Some will make much more (the ones that are already rich) and some will make less (the ones that really need the help).

It is not just that statement. You are just always super sarcastic and or negative. I'll take $48 per month all day. Get a smaller car.

Posted by The Taint on 3/23/2018 10:23:00 AM (view original):

Posted by cccp1014 on 3/23/2018 10:14:00 AM (view original):

Posted by The Taint on 3/23/2018 9:56:00 AM (view original):
Explain to me how over regulation caused Wells Fargo to open fake accounts. I'm genuinely curious.

I run a group. My goal is to book $100k in net income. Because of my compliance costs I need to book $400k in revenue vs. $350k in revenue to garner this $100k. If I don't get the $100k I don't get a bonus and I may lose my job, etc. So I need to solve for the $50k. Each account counts as IDK $5k. I open these fake accounts to get the delta so I can get my bonus and save my job.

So how did governental over-regulation have anything to do with your scenario?

Who held a gun to your head for you to make more money? your company?

Correct. The Company still has to meet the end game so that over regulation just puts more pressure on the employees.

Posted by tangplay on 3/23/2018 11:25:00 AM (view original):
Perfect agenda for me and what Trump has not done:
1. Climate Change - Awful. He has no clue what he is doing.
2. Education - Betsy Devos is a train wreck.
3. Healthcare - Train wreck.
4. Foreign/NK - Ruined many foreign relationships, moving embassy was a terrible idea, North Korea is promising.
5. Gun Control - Not going to happen. He and his staff are being loaded with dollars to make sure that they stay out of it.
6. Military - I want the military budget lowered significantly, he has done the opposite. Pointless and idiotic.
7. Race divides - He has capitalized on them to help himself, fanned the flames with Charlottesville and NFL. He may not be a racist, but racists sure love him.

I think those are the main ones, but he really hasn't done anything that I personally care all that much about or didn't expect. The only one on my list that may turn around is North Korea, but that is certainly a long shot.

1) Bleh...not #1 or #2 topic of the 2016 election for either party.
2) You are a moron so we do need better education in Kansas.
3) ACA is a train wreck. I agree. Do you realize that if I sprain my ankle and ask my MD the cost to fix it he won't be able to give it to me? Nuts.
4) 100% disagree. But you are a moron so I won't bother explaining why to you.
5) I agree with you.
6) That is so idiotic I cannot even address it.
7) The environment was already there you idiot. At least now its in the open. BML happened under BHO not DJT. You are dumb.