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Thanks Obama!



http://realitieswatch.com/37-banks-beca ... ing-chart/" onclick="window.open(this.href);return false;

posting a chart means you're gay. or a douchebag. something like that.

Skjellyfetti wrote:posting a chart means you're gay. or a douchebag. something like that.

This.

But that chart does look like the march madness bracket for banks.

SDHornet wrote:

Skjellyfetti wrote:posting a chart means you're gay. or a douchebag. something like that.

This.

kalm wrote:Thanks Obama!



http://realitieswatch.com/37-banks-beca ... ing-chart/" onclick="window.open(this.href);return false;

Which is why credit unions are the way to go

DSUrocks07 wrote:

kalm wrote:Thanks Obama!



http://realitieswatch.com/37-banks-beca ... ing-chart/" onclick="window.open(this.href);return false;

Which is why credit unions are the way to go

kalm wrote:

DSUrocks07 wrote: Which is why credit unions are the way to go

While I (obviously) couldn't agree with y'all more , keep in mind 9 of those mergers were a direct result of the economic meltdown....so while I don't like there being only 4 "big" banks any more than the next guy, it really wasn't headed that direction until the SHTF.

That being said, fuck banks. Go Credit Unions all the way!

DSUrocks07 wrote:

kalm wrote:Thanks Obama!



http://realitieswatch.com/37-banks-beca ... ing-chart/" onclick="window.open(this.href);return false;

Which is why credit unions are the way to go

Not sure I understand why the chart is a reason that credit unions are the way to go. Care to explain.

AZGrizFan wrote:

kalm wrote:

While I (obviously) couldn't agree with y'all more , keep in mind 9 of those mergers were a direct result of the economic meltdown....so while I don't like there being only 4 "big" banks any more than the next guy, it really wasn't headed that direction until the SHTF.

That being said, fuck banks. Go Credit Unions all the way!

I count 11 banks left in 2005, down from 37 in the early 90s. While I think the crash in 07 finalized th consolidation, I think it's safe to say that economic meltdown only expedited the trend.

And yeah I'm in the credit union boat too.

tribe_pride wrote:

DSUrocks07 wrote: Which is why credit unions are the way to go

Not sure I understand why the chart is a reason that credit unions are the way to go. Care to explain.

Locally and member owned, and haven't yet fucked over the world wide economy or manipulated government on a national scale.

AZGrizFan wrote:

kalm wrote:

While I (obviously) couldn't agree with y'all more , keep in mind 9 of those mergers were a direct result of the economic meltdown....so while I don't like there being only 4 "big" banks any more than the next guy, it really wasn't headed that direction until the SHTF.

That ^ is mostly inaccurate... but adorable

Chizzang wrote:

AZGrizFan wrote:
While I (obviously) couldn't agree with y'all more , keep in mind 9 of those mergers were a direct result of the economic meltdown....so while I don't like there being only 4 "big" banks any more than the next guy, it really wasn't headed that direction until the SHTF.

That ^ is mostly inaccurate... but adorable

Is there ANYTHING you're not an expert in?

WaMu wouldn't have happened.
Bear Stearns wouldnt' have happened.
Countrywide wouldn't have happened.
Merrill Lynch wouldn't have happened.
Wachovia wouldn't have happened.

AZGrizFan wrote:WaMu wouldn't have happened.
Bear Stearns wouldnt' have happened.
Countrywide wouldn't have happened.
Merrill Lynch wouldn't have happened.
Wachovia wouldn't have happened.

It doesn't take any kind of expert knowledge to watch the consolidation over the last 25 years...
It was well on its way long before 2009

The consolidation chart doesn't even show Seafirst
Washington States largest bank being purchased in 2000 by Bank of America



from Wiki:
Following the 1998 merger of BankAmerica Corp. and NationsBank Corp. into the modern Bank of America Corporation, Seafirst finally assumed the Bank of America brand in 2000.

Skjellyfetti wrote:posting a chart means you're gay. or a douchebag. something like that.

only when theyre subjective or just plain meaningless

so yeah

gay

Chizzang wrote:

AZGrizFan wrote:WaMu wouldn't have happened.
Bear Stearns wouldnt' have happened.
Countrywide wouldn't have happened.
Merrill Lynch wouldn't have happened.
Wachovia wouldn't have happened.

It doesn't take any kind of expert knowledge to watch the consolidation over the last 25 years...
It was well on its way long before 2009

The consolidation chart doesn't even show Seafirst
Washington States largest bank being purchased in 2000 by Bank of America



from Wiki:
Following the 1998 merger of BankAmerica Corp. and NationsBank Corp. into the modern Bank of America Corporation, Seafirst finally assumed the Bank of America brand in 2000.

Or Valley National Bank, Arizona's largest, purchased by Banc One in 1992

Chizzang wrote:

AZGrizFan wrote:WaMu wouldn't have happened.
Bear Stearns wouldnt' have happened.
Countrywide wouldn't have happened.
Merrill Lynch wouldn't have happened.
Wachovia wouldn't have happened.

It doesn't take any kind of expert knowledge to watch the consolidation over the last 25 years...
It was well on its way long before 2009

The consolidation chart doesn't even show Seafirst
Washington States largest bank being purchased in 2000 by Bank of America



from Wiki:
Following the 1998 merger of BankAmerica Corp. and NationsBank Corp. into the modern Bank of America Corporation, Seafirst finally assumed the Bank of America brand in 2000.

Every one of those mergers I listed happened DIRECTLY as a result of the economic meltdown. It's not to say that some (or even all) of them wouldn't have ULTIMATELY happened, but they were driven in large part by the bank/mortgage company/brokerage hemorrhaging cash because of the meltdown. And who gives two shits about Seafirst? It was a pimple on a gnat's ass in the big scheme of things....

CID1990 wrote:

Skjellyfetti wrote:posting a chart means you're gay. or a douchebag. something like that.

only when theyre subjective or just plain meaningless

so yeah

gay

Combo...gay douchebag.

There is no, "or."