Checking Gingrich that Dodd-Frank is destroying community banks

[hazlnut]

When the Bush tax cuts went through, we were in a recession. I understand it, just fine.

Um... no we weren't.

FOX NEWS and RW talk radio has really done a number on your understanding of history. That's like saying we attacked Iraq under Clinton...

 

[Karl]

Revenue collections hit record high in April - Business - Personal finance - Tax Tactics - msnbc.com

Yes. For one month :lamo . . . . . . . . The one month that everyone pays their taxes :lamo


This is like saying there was record rainfall on April 15th, which proves -- in November -- that it has been a wet year... ignoring the fact that an early hurricane made landfall on April 15th and there has not been another one since :lamo

 

[Karl]

Speaking for myself and not Conservativeguy, but no one who agrees with the OP can tell us whether, or not, the banks are better off now than they would be without [Dodd-Frank].

Including Gingrich, who provided no basis for his claim.

So -- thank you for debunking Gingrich :mrgreen:

 

[conservativeguy]

I'm pretty sure you're full of sh*t, let alone yourself. :lol:

But since you don't know, and know one has been willing to do your research for you, I'll help you out. The average ROA for community banks in 2007 was .81. From that point until 2010, the figure fell off a cliff, reaching a low of -0.1%. Since 2010 ... and concurrent with the passage of Dodd-Frank, there has been a sharp rise in ROA and financial stabiity in general.

Thanks for playing.

Do you have a source or did you pull this out of your arse as usual?

 

[conservativeguy]

Actually, you are calling PolitiFact a failure. Is there some sort of data you would like to add or are you just trolling?

Are you still sucking down the Koolaid and believe BO's economic performance isn't an epic failure? Go check the polls on how the Country rates his miserable economic policies.

 

[conservativeguy]

How silly is it to talk about the impacts of Dodd-Frank when the regulations have not yet been put in place.

So I assume you believe rational people wait for the train to run them over instead of reacting to what they believe is going to happen.

 

[conservativeguy]

nope, you made a statement. this one

you can run but you can't hide

once more, tell us exactly what causes this thread to be found by you to be an epic failure

I can run but I can't hide......what are you, ten years old?

The OP is a failure since the author doesn't have a clue what rate of return community banks are the expected to achieve on their assets.

 

[AdamT]

Do you have a source or did you pull this out of your arse as usual?

Oh good lord, I tracked the information down for you and now you want me to grab your little hand and walk you across the street, too?

 

[Aunt Spiker]

Checking Gingrich that Dodd-Frank is destroying community banks




What is it with the far-right GOP, do they EVER say something that's true?

Why does the far-right engage in this type of deceitful partisanship?

Sure, the Dems get called out on their lies, misstatements, and slanted stats, but they don't even come close to the number of GOP lies and damn lies identified by fact-checking sites.

Of course, that must be because all the fact-checking sites are liberal...:roll::roll: it couldn't be that the far-right mindset believes that the end (victory and power) justifies the means (lies, lies, and death panels)... oh no...

So - I'd like to find out from Gingrich why he said that, then - and hear his explanation.

 

[AdamT]

I can run but I can't hide......what are you, ten years old?

The OP is a failure since the author doesn't have a clue what rate of return community banks are the expected to achieve on their assets.

The OP is exactly right insofar as ROA and ROI both fell off a cliff during the recession, as you would imagine given that so much bank portfolio is mortgage related. Both have sharply rebounded from their lows and there is no discernible impact from Dodd-Frank.

 

[justabubba]

I can run but I can't hide......what are you, ten years old?

The OP is a failure since the author doesn't have a clue what rate of return community banks are the expected to achieve on their assets.

excellent
glad to see you were able to benchmark it


oooops. you failed to tell us what that rate of return would be and why ... because you obviously have the data showing expected rate of return on community bank assets. i look forward to seeing you offer that information to us, actually making a contribution to the thread instead of metawhining

 

[conservativeguy]

Oh good lord, I tracked the information down for you and now you want me to grab your little hand and walk you across the street, too?

:lamo:lamo:lamo. You tracked down the information but forgot how to link the source.........too funny.

 

[conservativeguy]

excellent
glad to see you were able to benchmark it


oooops. you failed to tell us what that rate of return would be and why ... because you obviously have the data showing expected rate of return on community bank assets. i look forward to seeing you offer that information to us, actually making a contribution to the thread instead of metawhining

. Who is whining? The OP said the community banks are doing well based on the recent ROA figures. I asked him/her to back up that opinion with some facts. I have seen none but I sure have been swarmed by BO tools like you. Can I assume you also think community banks are achieving a healthy ROA?

 

[AdamT]

:lamo:lamo:lamo. You tracked down the information but forgot how to link the source.........too funny.

No, I just didn't bother to paste the links. Feel free to contradict me if you can. :lol:

 

[conservativeguy]

No, I just didn't bother to paste the links. Feel free to contradict me if you can. :lol:

Translation: I am full of poop.

 

[justabubba]

. Who is whining?

you, insisting that the OP is an epic failure, but being unable to explain why

The OP said the community banks are doing well based on the recent ROA figures.

and you have been unable to show why his assertion was found to be invalid - according to you

I asked him/her to back up that opinion with some facts.

actually, you insisted that his opinion, as articulated in the OP, was an "epic failure"

I have seen none but I sure have been swarmed by BO tools like you. Can I assume you also think community banks are achieving a healthy ROA?

it was not i who insisted the OP was a failure because the community banks realized the stated return on assets. you have been unable to prove anything other that you are inclined to post unsubstantiated opinion

 

[Karl]

Who is whining? The OP said the community banks are doing well based on the recent ROA figures.

Mmmm, no. The OP said that Gingrich was a liar, based on recent ROA figures.

I asked him/her to back up that opinion with some facts. I have seen none [...]

The facts (figures) were in the OP. Let's review:

Checking Gingrich that Dodd-Frank is destroying community banks

What we found was that one year after the passage of Dodd-Frank, community banks are healthier. According to the latest report from the Federal Deposit Insurance Corporation, for that group of banks, a key measure of profitability, return on assets, has doubled in the past year, growing from 0.26 percent a year ago to 0.57 percent in the second quarter of 2011. Return on assets has been higher this year than in any quarter going back to the start of 2008 before the great meltdown.

What is it with the far-right GOP, do they EVER say something that's true?

Why does the far-right engage in this type of deceitful partisanship?

Sure, the Dems get called out on their lies, misstatements, and slanted stats, but they don't even come close to the number of GOP lies and damn lies identified by fact-checking sites.

Of course, that must be because all the fact-checking sites are liberal...:roll::roll: it couldn't be that the far-right mindset believes that the end (victory and power) justifies the means (lies, lies, and death panels)... oh no...

[...] but I sure have been swarmed by BO tools like you. Can I assume you also think community banks are achieving a healthy ROA?

The topic is not a healthy ROA, but whether Gingrich was telling the truth when he claimed quite the opposite (destruction). Claimed with no facts (unlike the OP).

The best way to support Gingrich would be to provide facts that backs up his claim of destruction. Do you have any?

 

[Karl]

Translation: I am full of poop.

No comment

 

[conservativeguy]

you, insisting that the OP is an epic failure, but being unable to explain why


and you have been unable to show why his assertion was found to be invalid - according to you


actually, you insisted that his opinion, as articulated in the OP, was an "epic failure"


it was not i who insisted the OP was a failure because the community banks realized the stated return on assets. you have been unable to prove anything other that you are inclined to post unsubstantiated opinion

I am simply questioning the source and the OP. The source said Gingrich wasn't being factually correct since the banks are now earning .57% ROA's. I then asked the obvious question......how is an aggregate .57% ROA considered proof Gingrich is wrong? Why can't anyone answer that question?

 

[Karl]

[...] how is an aggregate .57% ROA considered proof Gingrich is wrong?

Is an aggregate .57% ROA going to destroy the banks?

If your answer is no, then that is proof that Gingrich is wrong (well, Gingrich probably knows he's wrong, but he's just throwing meat to the rabid base which hates all things Democratic and most things government).

 

[conservativeguy]

Is an aggregate .57% ROA going to destroy the banks?

If your answer is no, then that is proof that Gingrich is wrong (well, Gingrich probably knows he's wrong, but he's just throwing meat to the rabid base which hates all things Democratic and most things government).

The question is ....is an aggregate .57% ROA a sufficient level of earnings to provide the banks a sufficient cushion of capital to weather another economic storm? If it isn't, Gingrich is correct. Gingrich was also talking about the overall ramifications of the DF law. The source that tried to refute Gingrich's statement cited one historical performance metric and made a pathetic leap of logic by saying Gringrich's entire comment was false.

I think I will give more weigh to the opinion of the trade association that represents banks with $13 trillion in assets and 2 million employees.....

https://www.aba.com/Press+Room/030211DoddFrankonCommunityBanks.htm

Dodd-Frank Act spells trouble for small banks - BizTimes

 

[AdamT]

The question is ....is an aggregate .57% ROA a sufficient level of earnings to provide the banks a sufficient cushion of capital to weather another economic storm? If it isn't, Gingrich is correct.

What an utterly ridiculous statement. First, you assume that .57% ROA is a static number, when in fact the number is clearly rising at a rather rapid clip. Second, you assume that Dodd-Frank has anything at all to do with the numbers, which is absurd on its face as the regulations haven't even been promulaged. Third, you completely ignore the patently obvious reason that banks haven't fully recovered, which is the ongoing headwinds in the real estate market.

 

[conservativeguy]

What an utterly ridiculous statement. First, you assume that .57% ROA is a static number, when in fact the number is clearly rising at a rather rapid clip. Second, you assume that Dodd-Frank has anything at all to do with the numbers, which is absurd on its face as the regulations haven't even been promulaged. Third, you completely ignore the patently obvious reason that banks haven't fully recovered, which is the ongoing headwinds in the real estate market.

Translation: I know more about the condition of banks than the largest banking trade association in the country. Oh yeah, I am still looking for the source to back up my silly comment about normalized ROA's for community banks. The lights will soon dim when I go into hypergoogle mode.

 

[Karl]

The question is ....is an aggregate .57% ROA a sufficient level of earnings to provide the banks a sufficient cushion of capital to weather another economic storm? [...]

The question is in the OP.

Your substitution of a different question is a tacit admission that Gingrich is wrong.

Well played

 

[AdamT]

The question is ....is an aggregate .57% ROA a sufficient level of earnings to provide the banks a sufficient cushion of capital to weather another economic storm? If it isn't, Gingrich is correct. Gingrich was also talking about the overall ramifications of the DF law. The source that tried to refute Gingrich's statement cited one historical performance metric and made a pathetic leap of logic by saying Gringrich's entire comment was false.

I think I will give more weigh to the opinion of the trade association that represents banks with $13 trillion in assets and 2 million employees.....

https://www.aba.com/Press+Room/030211DoddFrankonCommunityBanks.htm

Dodd-Frank Act spells trouble for small banks - BizTimes

How silly of me. Of course we should always take what lobbyists say at face value and implement whatever they suggest. I mean, what harm could come of that?! *COUGH*finacial meltdown*COUGH*Great Recession. :2rofll: