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Started By
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re: Chase Bank tweets about personal responsibility; Reaction not positive
Posted on 4/30/19 at 10:09 am to EarlyCuyler3
Posted on 4/30/19 at 10:09 am to EarlyCuyler3
quote:
They must just finance all those campaigns out of a sense of patriotic duty then.
Corporate money is prohibited to be donated for federal elections and individuals are only permitted to donate $5,600 per candidate per election ($8,400 if you go into a run off). And their PAC is limited to $5,000 per election.
Please tell me how they are "financing campaigns" at those numbers
1
Posted on 4/30/19 at 10:09 am to EarlyCuyler3
quote:
Idiot. Idiot, indeed.
I'm sure you have a source for your quote. Right?
Posted on 4/30/19 at 10:10 am to LSUZombie
I enjoyed the tweet. Good words to live by. Wish more people actually heeded the advice instead of trying to dismiss it based on some preconceived notion that the sender has no right to give said advice.
Posted on 4/30/19 at 10:10 am to Centinel
Posted on 4/30/19 at 10:10 am to EarlyCuyler3
quote:
but if you dont believe that banks knowingly and purposefully exploit the shite out of the poor, we cant really go any further.
How do they do this?
You frickin Marxists..Posted on 4/30/19 at 10:11 am to EarlyCuyler3
quote:
if they weren't getting screwed.
They aren't.
Posted on 4/30/19 at 10:14 am to BACONisMEATcandy
If only they could come up with something to get around that. They could call it a political action committee, or something like that.
Posted on 4/30/19 at 10:14 am to EarlyCuyler3
quote:
Here, educate yourself.
Was Chase bank, and other major corporate banks that are the basis of this conversation, subject to the CRA?
Yes or no will suffice.
This post was edited on 4/30/19 at 10:16 am
Posted on 4/30/19 at 10:15 am to EarlyCuyler3
quote:
Here, educate yourself
Use Wiki as his source .
Posted on 4/30/19 at 10:16 am to RogerTheShrubber
quote:
They aren't.
Pretty sure they are when a bank purposefully let's them get in debt knowing they're going to default them down the road and leave them with nothing.
You realize that your position means stating that the banks are so dumb they couldn't figure out these people were awful investment risks, right?
Posted on 4/30/19 at 10:16 am to RogerTheShrubber
Nothing wrong with wiki as a source. Well, that is unless you don't actually understand the context of what you're quoting and just search for verbiage that you think supports your case. 
Posted on 4/30/19 at 10:17 am to hans
quote:
do you have a source for this?
Not saying you are wrong, but it was interesting to me so i googled it and saw 1 article on a pretty sketchy site.
If what you're saying is true, then Chase basically took a loan it didn't want from the government and then they repaid the government with interest of probably close to half of a billion dollars as was set out in the TARP program.
interesting indeed.
I can tell you with out a doubt that several "small community" banks across the country were forced to take TARP...this was so banks that actually needed it didn't stand out and have deposit runs...there were only a handful of banks in the SubPrime / CDO industry
Posted on 4/30/19 at 10:18 am to Centinel
quote:
Was Chase bank, and other major corporate banks that are the basis of this conversation, subject to the CRA?
All banks are
Posted on 4/30/19 at 10:19 am to EarlyCuyler3
quote:
Pretty sure they are when a bank purposefully let's them get in debt knowing they're going to default them down the road and leave them with nothing.
I'm pretty sure a person has to have income to get a loan or CC.
I'm also pretty sure banks have formulas they use to ensure the person can at least make the minimum payment.
If a person defaults that's not on the bank.
Banks do a service by lending money. It's a mutual transaction. It does the bank absolutely no good to give loans that they know can't be repaid and will go in to default, possibly go through bankruptcy.
I'll bet you're a sociality major.
Posted on 4/30/19 at 10:21 am to Centinel
quote:
Nothing wrong with wiki as a source
It's a nice source for basic information, but I wouldn't try to prove complex situations using Wiki.
Posted on 4/30/19 at 10:26 am to EarlyCuyler3
quote:
They could call it a political action committee, or something like that.
Can you not read? PAC's are limited to $5k. That's the limits for a PAC per election.
Posted on 4/30/19 at 10:27 am to Centinel
Unrelated. The contention was that the government forced these loans. This was false.
Posted on 4/30/19 at 10:27 am to BACONisMEATcandy
quote:
Can you not read?
Well, to be fair, he did try to use wikipedia as a prime source for his argument.
Although strangely enough, he's yet to answer my simple question...
Posted on 4/30/19 at 10:28 am to RogerTheShrubber
quote:
I'll bet you're a sociality major.
I'll bet you're wrong on this as well.
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