horsedentist's Blog : I Hate Banks.

I hate banks, trying to cash a check, getting gouged with bank usury interest rates and additional charges, endless mail scams for charge cards, most of all I hate bank stocks. I also hate to hear the pundits on CNBC when they say how we need these high level managers and their outrageous yearend bonuses, “how are banks going to attract and keep the best and the brightest?” they tell us. These people should be behind bars and not collecting bonuses. I’m sour because as a stock holder in the banking sector I lose. Banks are like Obama, they never fail to disappoint me. Yeah I’m sour because I missed the huge run up of BAC and others during 2009 and being crushed by C later when it fell back to earth. My latest venture was into FHN this week. FHN beats earnings , that was the good news. The CEO says something like; the results demonstrate benefits of strategic repositioning. I should have hit the sell button immediately after reading that BS. The high priced leadership of the big banks get caught in another mortgage stunt and the whole industry tanks again at the end of the week. I hate banks.