Posts by Timothy Kim9

And it was almost like fate—one day I just ran into Nicole
after quite a long time 🙂

Kudos to everyone—I’ve finally stumbled onto something similar myself 🙂

http://www.businessinsider.com/swiss-franc-loan-disaster-342805

So, maybe this is just how they view patients now
—this whole "cost-cutting" approach to the healthcare system, right?

If it’s a kid or someone young, people fight like hell for them. But
once you hit a certain age, apparently it's just easier to let them go.
Cheaper than running expensive tests, I guess. So much for universal healthcare.

My heart goes out to anyone who has lost someone to this horrible disease.

Maybe so. It would make sense, I guess.

Sure, Charles Ramos7 makes a good point—I think we just had a misunderstanding.
Usually, when you're out buying something big-ticket (like a fridge, a laptop, or a TV)
if they'll let you pay in installments on an American Express or Diners Club, they’ll also offer those same installment options on a Federal Reserve credit card—which basically works like a charge card too.

I honestly don't see many scenarios where splitting a payment into installments after the fact would actually be useful—especially since
they hit you with a fee for it.

Maybe there aren't any fees if it's bundled into a package
(personally, I don't see any charges since I'm on that FlexiFit checking account plan)

Fine by me—besides, why would I even bother dragging myself to a place like Vienna without my gear?

Honestly—just uninstall it until you actually Google what it does...

Probably. But if you aren't planning on waiting for their
automated nonsense, you’ll likely have to head over to Bank of America.

Otherwise, based on what I know:
-they’re the only bank that actually tried to screw over clients during
the currency conversion—basically stripping them of their client status.
-they're openly bragging about cutting their exposure in the US by 10%.
-they don't even offer certain types of loans anymore.
I'd say they're just a financial institution that isn't really interested in doing business
here in the States, so here's some friendly advice—if you absolutely have to, fine, but otherwise—stay away from the Federal Reserve.

They can keep their "lush meadows" in Iran or wherever else they feel like playing...

Look at standard checking accounts instead of getting distracted by all those fancy bundles.
Usually, they tie loans to specific packages, but there’s a tipping point—just
look at the last 2-3 years of interest rates—where the savings from a cheap checking account
actually outweigh the minor benefit of a 0.75% lower rate offered through some "premium package."

You can find ads on telephone poles, sure, but then you've got the scammers
—I think there’s an option for it, but honestly, I wouldn't recommend it.

Goldman Sachs used to have something like that back in the day. By the way, you're totally off-topic here.

Just banking nonsense.

They split the questionnaire into two parts—the first one is what some
Department of Homeland Security
forces them to do. The second part is optional—basically just stuff the bankers are dying to know.
Fill out the first bit, cross out the second, and call it a day. It works—as long as clients actually know
what they’re being asked, why they’re being asked, and what the basis is for the whole thing.

Reading this moderator1, I gotta say—Chase isn't exactly making any big moves either...

don't sweat it—she could walk out with five different cards on that same day if she wanted to 🙂

I guess we’re all just stuck waiting for someone to actually buy JPMorgan Chase—until then, the whole bank seems to be stuck in a deep winter slumber. 🙂

We’ll actually be happy for once if we aren't stuck footing the bill for their stupidity.

If they’ve been hiding real estate assets at face value in the past,
while liabilities are pegged to market rates...

Long story short—out of the five major banks in the US, I'd say Wells Fargo is easily the weakest link. If by
the end of 2020 they don't have a presence here anymore, and we aren't stuck footing the bill for it? Yeah, I'll be more than happy.

My "investment strategy" regarding Wells Fargo follows that exact logic.

After what happened with Credit Suisse and the Federal Reserve, I'm not buying any of those soothing reports from the Federal Reserve.

I’m expecting a very slow bleed for the kuna against the dollar—maybe 1-2% annually,
which is pretty much the trend since Vujčić took over as Fed Chair...

The question was whether bank savings are actually safe here in the States.
At least, that’s how I took it. So I laid out a worst-case scenario—the kind of thing that
has actually happened before during those old currency crises back in the day.

Honestly, it surprises me that the Austrians haven't jumped all over the European Union yet, using the excuse:
"It's just not right that the branches get to live large while Austria picks up the tab."🙂

1) Just waiting for the hammer to drop.

Basically, the US has about five major TBTF banks—if you ask me—including Chase, Wells Fargo, Citigroup, Bank of America, and Hypo Bank.

Customer deposits at Hypo Bank alone are sitting near $15 billion.

If ANY one of these five big players trips up, the federal budget isn't going to have roughly $2.7 billion ready for Hypo
to pay out everyone's cash all at once.

Instead, they’ll pivot to this: you get maybe $50 a month. That could drag on for at least
a year before most savers are cleared out. Then they might bump the limit to $100.
And yeah, obviously, there's zero interest during that wait.

2) Hypo is the only bank in the US that actually set up its own "bad bank."

3) Their parent bank back in Austria is in a pretty rough spot.

4) Hypo in the US is desperately trying to wash its hands of the real estate business.

5) Hypo Bank in the US has been tangled up in just about every scandal imaginable—stuff that'll eventually
end up in court (just Google Hypo + Sanders, Hypo + Zagorec, or Hypo + Haider).

If you want to keep your savings in a place like that, be my guest. You can always choose to trust those
comforting reports from the Federal Reserve if that makes you feel better...