" That's so what we all want protection from the greedy pricks. So why are so many opposed ?"
This is like the protection you got from insurance companies with ObummerCare. Now, the only insurance companies left are in the back pocket of the gub'mint. Hildabeast wants to turn the whole thing into single payer because it is collapsing and you will eventually realize that you sold your soul to the Devil. In other words, the gub'mint screwed up so let's give the gub'mint more control. Great idea, Hidabeast.
The CFPB doesn't answer to anyone. It is as independent as the fed. It will turn the banking industry into a tool of liberal politics. It will make Slick Willy's Community Reinvestment Act look conservative. My sister-in-law called last week wondering where small investors could get advice now that the CFPB has made it impossible for brokers to offer advice. If you want to know more about why "so many opposed" search "The CFPB in Action: Consumer Bureau Harms Those It Claims to Protect". Lizzy Warpath is pure evil.
If you hate free enterprise so much, why not put your money in gub'mint bonds?
I don't like defending banks or bankers. They are barely above lawyers and politicians in my estimation, but Lizzy Warpath is such a lowlife, I will defend bankers if she is the one attacking them.
She should go to jail for impersonating a Native American to get a job teaching at Harvard. Look it up. She, in fact, did that. Don't know whether Harvard would have actually hired a native if she had not pulled her "fraud", but at least she illegally got them off the hook. They could claim affirmative action points while doing nothing.
Anyone investing in CHK should be concerned about politicians like her. Oil companies, in general, are rated lower than lawyers by the general public. I think that is very unfair, but it is reality. Slimy politicians will attack the oil industry every chance they get just to score cheap points. Lizzy Warpath is the slimiest.
"The Labor Dept. has been consulted regarding the coercion of bank employees"
When I was a teenager in Iowa, I worked for a couple brothers who had a plumbing and electrical company. When a hog water had to be fixed, they sent me out to do it knowing that I would literally have to lay down in hog manure to get the job done. For this, they paid me $1.25 per hour. That was less than the minimum wage in the 60s, but they were a small outfit and didn't have to comply. This was pretty good incentive to finish my degree.
Now, the labor dept. investigates if poor little bankers have to try to sell banking products??? If you don't like what you are getting paid to do- find another job.
Like I said- the banks were the victims. Not that I care since most of them are run by either San Francisco or New York Democrats. I just like the truth.
The tax payer never lost any money on the bank "bailout" either. The banks were forced to sell their derivative paper to the gub'mint for pennies because they had to follow mark-to-market rather than the more logical mark-to-model The gub'mint made money on every bit of it.
Where the gub'mint lost money was giving money to AIG (which they turned around and gave to Goldman Sucks) and bailing out the GM union. Someone should have been impeached over that. I wonder how the Clintons spread that speech money around enough to get that done?
This was a DemoKKKrat scandal from the start with just enough help from self serving Republicans to spread the blame. Of course, the media was too ignorant or too biased to report on any of it. Unless they could broadcast a banker being frog marched, they were not interested.
Those of you who think that employees of big corporations are all crooks are just clueless. I spent my career in the chemical industry. We watch every step we take because we know that the EPA would do anything to get the opportunity to frog march us. The crooks are all in the gub'mint and they get away with it every day. Just look at Hillary.
First, it wasn't fraud, it was high pressure sales that backfired on WFC- have you ever bought a used car? Second, Lizzy Warpath's unconstitutional bureau didn't discover anything. It was the LA Times in 2013 that first wrote about it. I knew about it before then, since my son worked there and hated it.
Finally, the only bankers that should have been jailed were the ones in Washington (Freddie and Fannie) but they were protected by their Democrat handlers like Franks and Lizzy.
The only reason I bank at WFC is because it is too much bother to switch and I figure they are all the same. They are all so regulated that they have no room for decent customer service. They are all full of Democrats, so they can all go to he11 as far as I am concerned, but the real evil is in Washington. The Queen of Evil is Lizzy Warpath.
Morgan- what a load of revisionist nonsense. Frank, Fanny Mae, most of the Democrats and a few of the Republicans insisted on those liar loans. The banks were the victims. Read "Reckless Endangerment" by Gretchen Morgenson. She is from the NYT, so she is no conservative.
Lizzy Warpath is just the latest reincarnation of Frank and Dodd. She only attacks the banks because she is a socialist and hates capitalism. Wait until she gets a shot at CHK or any other free enterprise institution. She hates them all and she hates all of us because we own stocks in them. She is the enemy.
"Ignore" is under "flag" on my computer, but I can't get the flag options if I am on my Android phone.
In the past, half the posts came up with flagged people. Now, It is only Joe/John and Paul and even Paul is not as irritating as he used to be. If we could just get rid of Joe/John....
"sourced from breitbart or some other obsure corner of the web?"
My source (among others) is the Wall Street Journal. I know you can't check that because you can't afford the subscription.
Don't mean to be a spelling scold, but you misspell more words than you get right.
Slick Willy was paid $17 million to be an "administrator" at a for-profit college- Laureate International Universities. Since then, 2 out of 3 of this college's competitors were put out of business by the Obummer administration. The other competitor is owned by the Washington Post.
What is amazing is that Obummer hates the Clintons, but still helped them on this. He must have received a huge payoff. Not only are Obummer and Clinton corrupt, but the entire U.S. government is now corrupt thanks to the corrupt Democrats. Whoever flashes the most cash will get their way.
Joe/John- Has it occurred in your pea brain that the majority of people on this board have a reasonable amount of respect for Creighton and you are doing yourself no favors by starting a thread that insults him?
I spent the summer in CO hiking and Jeeping. Now, I am back in NV, relaxed and ready to dedicate the next two months to helping Trump become the next president. John, you are such an inspiration to me. I want an autocrat for president who will outlaw your existence.
Don't wait for the rush. Move to Canada today!!!
Clearly, selling from $7.46 down was initiated by either Icahn selling or insiders selling because he did. Then people panicked because they had no idea why the SP was falling. After hours, the panic at least had a reason.
Today, we know there is no new information concerning CHK. Icahn sold for tax reasons. It is very possible he will buy back in next month. It looks like today is a good buying opportunity.
Numbers are stubborn things. You will notice below that there was a deficit in Slick Willy's last year- stop lying about that.
Except for the last two years that were outliers caused by the Democrat's housing bubble and the "stimulus", Bush ran deficits of about half a trillion per year. Too much, but he was fighting a war.
Obummer lost the war and the Fed has printed money through his whole term, so he should have run low deficits- BUT HE DIDN'T. Not counting his first two years, Obummer still averaged a trillion a year in deficits. This is about double Bush's deficits. Now, stop lying about this, too.
yr ending debt deficit
9/30/2015 18,150,617,666,484.30 326,546,285,750.50
9/30/2014 17,824,071,380,733.80 1,085,887,854,036.50
9/30/2013 16,738,183,526,697.30 671,942,119,311.50
9/30/2012 16,066,241,407,385.80 1,275,901,078,828.70
9/30/2011 14,790,340,328,557.10 1,228,717,297,665.40
9/30/2010 13,561,623,030,891.70 1,651,794,027,380.00
9/30/2009 11,909,829,003,511.70 1,885,104,106,599.30
9/30/2008 10,024,724,896,912.40 1,017,071,524,649.92
9/30/2007 9,007,653,372,262.48 500,679,473,047.25
9/30/2006 8,506,973,899,215.23 574,264,237,491.73
9/30/2005 7,932,709,661,723.50 553,656,965,393.18
9/30/2004 7,379,052,696,330.32 595,821,633,586.70
9/30/2003 6,783,231,062,743.62 554,995,097,146.46
9/30/2002 6,228,235,965,597.16 420,772,553,397.10
9/30/2001 5,807,463,412,200.06 133,285,202,313.20
Can I correct the record on Trump? Until 18 months ago, his only purpose was to push his brand-TRUMP. That was strictly for commercial reasons. He would appear anywhere, anytime and say anything to get the name out there. If he had any political beliefs at all, they were liberal. I doubt if he really cared enough to form beliefs. Since his brand is very successful, we have to conclude he is a marketing genius.
When he would push that birther nonsense, I wanted to strangle him. It was a diversion. I thought maybe he was a liberal plant to make conservatives look stupid. Obummer was able to use him to ridicule conservatives and to never disclose school records that must have been atrocious.
Now, Trump is trying to memorize conservative beliefs so that he can win this election. He is coming around thanks to his hiring a great FEMALE campaign manager- so much for the misogynous nonsense. I hope he wins because he is surrounding himself with good people and the alternative is the Hildabeast which would be unthinkably horrible.
john/joe- go away. You are the only reason that Creighton and I felt the need to correct the record.
The tax wash rule is 30 days. CHK has had a run up. He took some money off the table. He could buy back in before the end of October- well before earnings report and before the run up due to a cold winter.
It is not clear that today's volume was his sale. It may have been news leaking out.
Of the 16 people who ran for the Republican nomination, Trump was my last choice. Still, I was wiling to vote for him because even he would be better than completely corrupt Hillary and the rest of the Deplorable Democrats.
However, John/Joe has changed my mind. Instead of just voting for Trump, I will go to the nearest Trump office and volunteer my services to spend the next two months getting out the Nevada vote for Trump.
Hey, John/Joe!!!! Aren't you glad you hung around instead of leaving like you promised? You inspired me.
I made money last week, just had a large opportunity loss. I was in the money on most of my shares by probably an average of $0.50 on last weeks options- that was all opportunity loss. I traded up to a higher strike on some, but can only do so much on one weeks options. Yesterday made it even worse. Today fixed the whole thing- for now.
Some people trade covered calls for insurance. I mostly do it because it will increase my yield if I do it right and it just makes things more interesting. I can't resist when the calls get as expensive as they are right now.
Those of you who have longer term options might want to take a profit just because the volatility has made them expensive. Of course, earnings could blow up the SP, but after earnings, volatility will drop.
I have not read the transcript from the presentation. How do all of you think earnings will look?
"If you look at 6 months chart,, CHK was deep in overbought territory with RSI almost 80."
So Mikey!!! Are you saying that rational people are taking some profits? Last week, you ridiculed me for selling a few "in-the-money" options. I sold some $7 and $7.5 and got burned doing it last week, but rolled them over and it looks pretty good now.
I am long term bullish on CHK, but it is (was) over bought. With the current volatility, options are very expensive. I am going to continue selling them, but will try to keep them a little out of the money.
I sold some in-the-money options on Friday expecting a pullback. When the earthquake hit OK, I expected a big pullback. I am really surprised how strong CHK has been doing, but we should be down the next couple of days. The rest of the oil patch is turning red or not as green as CHK.
I expect the media to start labeling the bond exchange as a failure just like they did last December. Where is Salazar with his doom and gloom articles.
Longer term, CHK is still a screaming buy. NG and oil have to go up over the next couple of years.
China is like any other centrally planned dictatorship. They rely on their workers to do what they are told and not think for themselves. This works fine if all you are doing is replicating U.S. technology like TVs and solar panels. Fracking requires very smart people in the field taking responsibility. It will never be successful within a dictatorship anywhere.
Try a product called BleachBit. That is what your idol Hillary used to hide her corruption.