ifthethunderdontgetya™³²®©: the schaden freudes itself

Thursday, October 6, 2011

the schaden freudes itself

As long-time readers of my blog may or may not know, one of my tags is the schaden freudes itself.

This is a good example of it.

23 comments:

Dr.KennethNoisewater said...: It's so delicious! It's so yummy! I drink it it up! I DRINK YOUR MILKSHAKE, BANK OF AMERICA!; October 6, 2011 at 3:22 PM
fish said...: I really hope it was a huge kick in their nuts.; October 6, 2011 at 3:39 PM
mikey said...: Meh. How much of their profits result from retail banking operations? Less than 20%, I'd guess.

So losing five or ten percent of their retail checking customers will probably net out pretty close to revenue neutral.

They. Do. Not. Care.

Oh. And when the dust settles in a few months and Americans have forgotten about the $5 debit card fee, they will probably see an INCREASE in retail banking profits. Think about it. Anybody who used their debit card less than 12 times a month will now result in an increased revenue stream.; October 6, 2011 at 3:52 PM
Dr.KennethNoisewater said...: You know what I hate about mikey? He's so goddamn perky and optimistic.; October 6, 2011 at 3:54 PM
Randal Graves said...: Precisely why I keep my money underneath my mattress next to the porn mags.; October 6, 2011 at 4:03 PM
Dr.KennethNoisewater said...: There's prAwn in magazines?; October 6, 2011 at 4:11 PM
Dr.KennethNoisewater said...: HOTTT!

That's 3 T's worth of hotttness!,; October 6, 2011 at 4:18 PM
Big Bad Bald Bastard said...: Hoist by their own petard.; October 6, 2011 at 5:10 PM
fish said...: So losing five or ten percent of their retail checking customers will probably net out pretty close to revenue neutral.

Except the rest of their portfolio is complete shit so soaking the public with banking fees is their only true revenue stream. Zombie bank (no offense to real zombies).; October 6, 2011 at 7:44 PM
lisahgolden said...: I think Mr. Silverstein sums up my feelings.; October 6, 2011 at 8:07 PM
ifthethunderdontgetya™³²®© said...: Bank of America consumer operations, from wikiwaki:

Global Consumer and Small Business Banking (GC&SBB) is the largest division in the company, and deals primarily with consumer banking and credit card issuance. The acquisition of FleetBoston and MBNA significantly expanded its size and range of services, resulting in about 51% of the company's total revenue in 2005. It competes primarily with the retail banking arms of America's three other megabanks: Citigroup, JPMorgan Chase, and Wells Fargo. The GC&SBB organization includes over 6,100 retail branches and over 18,700 ATMs across the United States.

This company would cease to exist if it weren't getting money from the Fed for almost nothing (daily Fed Funds rates here).
~; October 6, 2011 at 9:28 PM
Smut Clyde said...: Hard to fit it in the paintball gun. Also, nasty scalds.; October 7, 2011 at 7:05 AM
Laura said...: Is this Shel "The Giving Tree" Silverstein?
I had a big crush on him. He was yummy. :)

((Hugs))
Laura; October 7, 2011 at 12:57 PM
Pearl said...: GOOD. Banks don't operate independent of the people that use them! Who do they think they are? Let this be a wake-up call -- and if it's not, surely the next big thing is waiting to be discovered. Maybe banks as we understand them are passe...

Pearl; October 7, 2011 at 8:34 PM
zombie rotten mcdonald said...: Hi thudner.; October 8, 2011 at 8:11 PM
ifthethunderdontgetya™³²®© said...: Oh thanks for dropping by!

I was just about to add a squirrel video, but now I won't.

;); October 8, 2011 at 8:32 PM
zombie rotten mcdonald said...: You need a Big Stone Head to float through here thudner?; October 8, 2011 at 11:18 PM
ifthethunderdontgetya™³²®© said...: Nope. I need to get one of the 4 blog posts I have in draft out.

Here we are...October 8 is almost over, and I have 2 entire posts up this month.

Sometimes I stray from just posting my pictures. Next thing you know, my head hurts.
~; October 8, 2011 at 11:37 PM
zombie rotten mcdonald said...: I always blame that on the alcohol, thundra.

But sometimes I give not one fuck, ya no?

Btw, mikey and I are getting into an interesting discussion of blowing up buildings and insurance at my blog.

There! THAT ought to get both of us not Homeland Security list.; October 8, 2011 at 11:51 PM
zombie rotten mcdonald said...: Blaming typoos on the iPad tonight.

Or the alcohol.; October 8, 2011 at 11:54 PM
Hamish Mack said...: MBNA were the worst NWA covers band evah; October 9, 2011 at 3:43 PM
M. Bouffant said...: I was going to advocate joining a credit union & telling the banks where to put it, but the SAG-AFTRA FCU just started charging US$15.00/mo. if one doesn't keep an average monthly balance of US$250.00, above & beyond the minimum US$50.00 that must be left untouched in the savings acc't. Christ on a crutch, there is no escape!; October 9, 2011 at 11:04 PM