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Wells Fargo & Company Message Board

mr.schnider 349 posts  |  Last Activity: Aug 19, 2014 4:56 PM Member since: Apr 26, 2008
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  • Reply to

    JIM JEFFORDS-great loss

    by billion1338 Aug 18, 2014 10:05 PM
    mr.schnider mr.schnider Aug 19, 2014 4:56 PM Flag

    He was a genuinely brave man.

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 19, 2014 4:54 PM Flag

    billion, I have given up reading the whole thread, but did you get around to reading the article that I copied?
    google : "Political Payback: Rick Perry Indicted in Power Struggle with Democrat-Controlled DA Office "

  • Reply to

    I think:)

    by jerrycruncher Aug 18, 2014 9:07 PM
    mr.schnider mr.schnider Aug 19, 2014 4:48 PM Flag

    If we continue at a 3% GDP our annual deficit is going to get under $300 billion next year and the demand for US bond is going to outstrip the supply of product at some point leading to mal-investment into mbs or junk bonds. Which would be easily avoidable when we think the Fed could easily start unwinding its balance sheet.

    I realize the above is a radical statement, but from what I see, I don't understand why it is not at least part of the conversation by Fed watchers.

  • mr.schnider mr.schnider Aug 19, 2014 4:25 PM Flag

    It was two or three years ago when yahoo message board drastically changed for the worse.
    Since they came out with a new design their mb' have never acted right. What a shame.

  • mr.schnider mr.schnider Aug 18, 2014 1:15 PM Flag

    I must apologise, it has recently dawned on me that I have not been making it clear when I cut and paste from an article.
    When I copied it from an article I somehow (mistakenly) assumed people could magically see it was from an article in the news I found that day, LOL.

    So to answer your question, yes, I am pretty sure the article was referring to the same Steve Ellis you are referring to.

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 7:49 PM Flag

    my earlier post that starts out "Here is a political watchdog group..." is simply one big cut and paste from an article. I realize it looks like it is me saying it, so I apoligise. I frequently cut and paste articles thinking that everyone will know it came from an article because of my ignorance.
    My post describes the grand jury in the county where Rick Perry is being indicted, not through out America. You need to read the article. google "Political Payback: Rick Perry Indicted in Power Struggle with Democrat-Controlled DA Office "

  • Reply to

    Just some of my Ruminations for you to ponder

    by jerrycruncher Aug 12, 2014 12:08 AM
    mr.schnider mr.schnider Aug 16, 2014 7:43 PM Flag

    Jerry/gator is not trying to hide from his earlier history of posting, its simply never been brought before.
    But why would you call biggator "lizard"?

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 7:08 PM Flag

    Here, a liberal watchdog group called Texans for Public Justice filed an ethics complaint against Perry earlier this year, and a grand jury was convened in the case. Perry spokeswoman Lucy Nashed said at the time, "The veto in question was made in accordance with the veto power afforded to every governor under the Texas Constitution, and we remain ready and willing to assist with this inquiry."

    The grand jury’s indictment today, under the supervision of appointed special prosecutor, Michael McCrum, starts the process for a criminal case against the Governor but by no means guarantees that an actual criminal conviction will result. The grand jury process is entirely one-sided, controlled by the prosecutors, who present only their side. There’s a famous quote from Tom Wolfe’s book Bonfire of the Vanities, noting that prosecutors have so much power over this process that they could “indict a ham sandwich” if they so chose

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 7:01 PM Flag

    you guys have to read this article and watch the inbedded video of this DA from travis county TX.
    Google "Political Payback: Rick Perry Indicted in Power Struggle with Democrat-Controlled DA Office "
    they actually made public her being filmed while in jail, if she wasn't an alcoholic I would think its funny to know that the county' main law enforcement official got the harshest penalty for 1st time DWI offense, 45 days in jail!!

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 6:41 PM Flag

    he can still run for president while being indicted, but it has already impacted his ability to win. In fact I doubt if he will run now even if he gets fully acquitted. This ruins him, guilty or not, doesn't matter.

  • Reply to

    Just some of my Ruminations for you to ponder

    by jerrycruncher Aug 12, 2014 12:08 AM
    mr.schnider mr.schnider Aug 16, 2014 6:37 PM Flag

    gillie why do you call him lizard?

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 5:29 PM Flag

    the damage has already been done, he has the right to veto public funding and will be found not guilty, but he is a strong contender for the Republican nomination for president and I see this as making it difficult to run for the highest office while being indicted for anything. This simply should not have happened.

  • Reply to


    by democrattlol Aug 15, 2014 4:14 PM
    mr.schnider mr.schnider Aug 16, 2014 4:51 PM Flag

    Scarborough is simply one Republican' opinion. I dare say there will be plenty of books written about Obama running the full spectrum on whether he was effective. There are Republican talking points out there that both try to convince Americans that he is uneffective while also stating he has been the most powerful at successfully changing American. Which is he?
    In my opinion he has been effective in making changes to our military policy, education, health, banking, wallstreet litigation and federal fiscal budget.

    Scarborough might be a decent guy, but going to Martha' vineyard during racial unrest in St.Louis doesn't mean Obama has checked out, geeecsh.

    Sentiment: Buy

  • Reply to


    by billion1338 Aug 16, 2014 3:39 PM
    mr.schnider mr.schnider Aug 16, 2014 4:37 PM Flag

    This is a shame, he stepped on the toes ,and now they are actually going to try to put him in jail for vetoing public funding for the public corruption unit??
    billion, this is not right. This is something an unbiased Democrat should be ashamed of. Their party putting a potential Republican presidential contender out of the running simply because he vetoed funding something?? Its like they are making playing hardball politics illegal. This will be awful if he goes to jail.

  • Instead of having executives brainstorm in the corporate offices, they get out and observe customers as they navigated often confusing banking routines. As they uncover problems and experience frustrations first-hand, they devise solutions.

    Today, Wells Fargo executives go into customers’ offices 30 times a year and watch them bank. Ellis has also created customer councils to advise where the pain points are and how service can be improved. To a large degree, Ellis has shifted the focus of corporate banking at Wells Fargo from merely devising financial solutions to product design.

    Yet even with the new focus on the customer, Ellis realized that if his group kept the same stodgy culture that the banking industry had become known for, he wouldn’t be able to keep up with the pace of digital innovation. It wasn’t just technological challenges he was facing, he also needed to rewire the software of his organization.

    Today, Wells Fargo is a well oiled innovation machine. Every six months, Ellis’s team uses the ethnography studies, customer councils and insights gleaned from internal metrics to identify ten priorities. Then they get to work, developing, testing and deploying new services every 90 days. They’ve maintained that clip for fourteen years.

    However, it is not just internal processes that have changed, but the culture as well. Ellis’s bankers don’t sit in cozy offices , quietly examining financial statements (nor does Ellis himself), but work in open cubicles designed to promote collaboration. They are constantly iterating, experimenting and testing.

    Perhaps most importantly, they are not limited by a long range plan. There is no “five year death march” toward a transformation that will never happen—or be outdated by the time it does. Instead, their purpose is to improve their customers’ businesses and adapt quickly to shifts in technology and the marketplace.

    Sentiment: Buy

  • mr.schnider mr.schnider Aug 15, 2014 12:11 PM Flag

    I am going to shut off my computer, today is better just to be in cash.

  • mr.schnider mr.schnider Aug 15, 2014 11:22 AM Flag

    options expiration day..... would imagine some traders to gritting their teeth right now.
    One example would be crossing beneath the $50.00 handle in WFC

  • Russian troops may have moved in Ukrain?? Russia accusing Ukrain of shelling their troops

  • Reply to

    WFC sustainable earnings

    by sean_erickson2000 Aug 13, 2014 4:13 PM
    mr.schnider mr.schnider Aug 15, 2014 12:50 AM Flag

    Historically 1% would seem about right, but when they merged with Wachovia the percentage of the balance sheet attributable to credit cards is less than in the past. Another thing is their HELOCs are also a shrinking portion of their assets as well...... its possible to adjust the 1% a smidgeon simply based on the above. But then add in they are no longer as loose on their guidelines for heloc' nor their residential (subprime) loans I assume we can count on them having a new normal.
    They have a very low charge off number now even thought they have a ton of loan modifications presently on their book, these mod's build more equity with each passing year.
    All this goes to say that perhaps we can count on them to improve on their 1% historical norm.

  • The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the average from 2002 to 2006.

    "It reflects a jobs backdrop that continues to tighten on the supply side. There is not enough qualified supply out there to fill the job openings that exists," said Jacob Oubina, a senior U.S. Economist at RBC Capital Markets in New York.
    Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001.

    "There is little slack remaining in labor markets, and wage growth will pick up more quickly than it did at similar levels of the unemployment rate in past cycles," said Michael Gapen, a senior economist at Barclays in New York.
    Job growth has topped 200,000 in each of the past six months, a stretch last seen in 1997. The unemployment rate has declined to 6.2 percent from 6.7 percent at the end of 2013.
    The rapid decline in the jobless rate has intensified the debate over when rates should rise, with a number of regional Fed bank officials arguing for sooner rather than later.

    Troy Davig, the head of research at the Kansas City Federal Reserve Bank, told Reuters on Monday that rising job openings suggested earnings growth was poised to move higher.
    "Faster wage growth certainly seems in the pipeline," he said. "The labor market appears to be hitting a turning point."
    Dallas Fed analyst Alan Armen, in a research articled dated Friday, forecast a half-percentage-point rise in wage growth, citing a survey from the National Federation of Independent Businesses showing small businesses increasingly planning to raise pay in the coming year.
    An NFIB survey released on Tuesday showed its compensation gauge held at a six-year high in July.

50.85-0.01(-0.02%)Aug 20 4:01 PMEDT

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