Comments on: Is the Huffington bank boycott a good idea? http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: FM1962 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-31991 Tue, 18 Oct 2011 19:26:56 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-31991 If you really want to effect a change in the system we need to consider boycotting banks all together. Last time I checked cash was still legal tender. Security risks??? Being robbed, loosing our wallet, just check your balance sheet on your portfolio from 2007 till now, and then ask yourself about risk. I´m not saying the coffee can in the back yard mind you but what about a good wall safe?

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By: lexipixel http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-26582 Mon, 16 May 2011 15:22:08 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-26582 Arianna Huffington is a pathological liar — a fraud, and anything she says is worthless. Being a plagiarist, political flip-flopper and greedy gold digger are not “credentials”. This month, after being sued by bloggers for unjust enrichment and unfair business practices, (for cashing in on the sweat of hundreds of unpaid bloggers), then being made head of AOL’s content and their new PATCH.COM websites, she has the audacity to ask 8,000 more bloggers to work for her for free. In case anyone hasn’t heard of Patch, it’s AOL’s latest attempt to corner the local advertising market, (except they hide the “AOL” brand as it has such negative value.

Under the false pretense of hiring journalist from the declining Newspaper industry, the aging big mouth of conservative, or is it liberal, or is it socialist politics the gold digging interloper decided, “Why pay real journalists when you can con “locals” into blathering online on Patch blogs — for FREE.

So much for the jobs AOL / Patch was going to create.

Worse, days after setting a quota for each of the 800 Patch editors to recruit 5-10 unpaid workers, (from their friends, neighbors and local online community), she has the further audacity to pen an article blaming “our leaders” for not creating jobs.

Arianna, take the money you stole and go back to Greece.

un-America Online stocks have tumbled because of Patch and HuffPo — and that big sucking sound is you and AOL trying to suck the hard work, money and journalistic efforts of REAL Americans into your own pocket.

(And Arianna, if you’re reading this — the heavily retouched photo posted on all the Patch sites along with your disingenuous long boring plea for free labor shows how desperate you really are — you’re 60 years old — that retouch job makes you seem pathetic).

For info about all the lawsuits and boycotts AGAINST Huffington and the AOL/Patch has-been sites you command can be found at: http://patch.framingham.com

Anyone considering taking Arianna Huffington’s advice on business, politics or anything else should read it all.

Arianna, act your age — you’re embarrassing yourself.

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By: EUROTOM http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-11133 Thu, 14 Jan 2010 14:07:16 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-11133 In December 2008 I finally watched the remake of “Miracle on 34th Street”. It wasn’t uplifting, it was depressing. In the original version Macy’s was owned by Mr. Macy and Gimble’s was owned by Mr. Gimble. The plot line of the new version shows the perversion that has happened in corporate America. Mergers, mega-mergers, no one really owning their own names any more. It’s all about acquisition and then loading it off to someone else.

The spirit of enterprise has been so damaged by the games the corporate money-junkies play.

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By: EUROTOM http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-11132 Thu, 14 Jan 2010 14:04:26 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-11132 This “boycott” is not about PR, it’s about people taking control of their own money and putting it in an institution that best serves their needs, those of their neighbours and community.

The best choice is to find a credit union. Rarely are the service fees and most often have higher percentages paid on savings.

I think for this to work at its utmost, your IRA’s KEOUGHS, etc… should be transferred to your credit union or a safe, community or even state bank. Every dollar is a vote.

How do YOU want to vote?

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By: TheGreenTheBoat http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-11009 Sat, 09 Jan 2010 14:17:27 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-11009 Perhaps some accuracy about how banks actually create revenue and earn a return would be useful. If the author intends to steer financial matters from his profession from one bank to another; accuracy of how banks operate should be expected.

Banks don’t grow revenue due to their deposits or just earn a return due to deposits. Banks grow revenue by using a percentage of their deposits or through borrowing money to loan money to others’. Bank fees (service charges, over drafts, ATM fees, etc…) are a truly money maker for the bank…but that is under a great deal of scrutiny by both the state/federal regulators and much of the public.

Banking is taking risks in lending money to those who need it to grow their business (build a new factory, new computer equipment, trucks, etc…), buy a home (yes the debacle of our current system), buy an auto or luxury item, AND about understanding that risk in view of the ability to repay the loan. Each bad risk/loan, made by a bank, erodes the real “cash” they have to operate and grow the bank…which puts a priority on their capability to assess risk at the time of the loan, constantly stay abreast of that borrower’s risk, and work diligently when the risk of not repaying the loan begins to increase. Bad loans DON’T affect a bank’s deposit base strength – they are different buckets of money.

We can’t talk in generalities and steer people to smaller institutions with misinformation. The author needs to brush-up on his financial acumen and facts so that his readers….and those followers’ too receive real information and not just emotional jibberish aimed at harming the large banks.

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By: afisher http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-10967 Fri, 08 Jan 2010 13:29:02 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-10967 As I have been with USAA for more than a decade (and NO, I am not in the military), I have free checking, free bankcard ATM withdrawls (even when used at other banking ATM’s).

ProPublica.org keeps an ongoing list of banks that have received TARP money – so you might want to avoid them.

Due diligence is necessary, but if you spend a little time doing research instead of blogging, etc, you may be pleasantly suprised.

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By: lordonlow http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-10910 Thu, 07 Jan 2010 02:13:16 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-10910 here’s some info; credit unions – like all industries – are organized and have a trade association, guild, union, lobby, etc. here it is:

http://www.cuna.org/cuna/index.html

DUE DILIGENCE. given the sheer number of community banks and credit unions, invariably there are going to be variances in service/customer satisfaction.

one way to get FEEDBACK is YELP – for instance, here’s my old college cu:

http://www.yelp.com/biz/university-credi t-union-los-angeles

the reviews for my old cu, imo, are fair and comport to my experience. i’ll say this though; compared to my treatment at the conglomerate banks coupled with their CONSTANT nickel and diming of me, the worst day at my cu is a vacation. jews have a word for what these fat cat bankers are; Shnorrers. greedy. selfish.

last, consider your money as more than a vote – it’s fuel. after all, what’s the fuel of business? now, proportion of customer deposits/checking/loans etc., aside, logic if nothing else tells us that these fat cat bankers DON’T CARE ABOUT US, so, why would you want to help them by giving them the fuel that keeps them alive?

after all, when we found out about big business in south africa didn’t we boycott? come on people, it’s not hard to see the logic, the PRINCIPLE of not supporting wall street.

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By: redmoon http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-10881 Wed, 06 Jan 2010 19:29:10 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-10881 You also need to be careful about the community banks you put your money into. Are they operating under a cease and desist or other regulatory order,what is their CRA rating. Some of these are public at FDIC,OCC,Fed or state websites. Many community banks were as aggressive as larger banks in making poor credit decisions.

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By: antong http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-10871 Wed, 06 Jan 2010 17:21:16 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-10871 I think there is another point here. Maybe pulling $4000 from CitiBank won’t hurt them that much, but putting $4000 into my local bank will help my local bank, and my local community. After reading the original article on Huffingpost, I found one of the small local banks, Country Bank in NYC, loans money to small local businesses, and that helps my local community. What percentage is my $4000 to Citibank, and what what percentage is my $4000 to my local bank? And maybe they will make a loan to a small business person who will open a new store where that 5th citibank branch used to be.

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By: lddoane http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/comment-page-1/#comment-10868 Wed, 06 Jan 2010 15:38:37 +0000 http://blogs.reuters.com/felix-salmon/2010/01/05/is-the-huffington-bank-boycott-a-good-idea/#comment-10868 I’ve been a loyal credit union member for 15 years. No reason to change. Best rates, great service, low interest loans and high interest savings rates. Take the time to find one in your city. It will be worth the extra effort to change over.

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