• The KillerFrogs

OT-Business Owners

tcufrogprince1

Active Member
Many people are putting out welfare checks for the elderly. Just like our older generations, the economy and our businesses are at risk. Has your bank given you a welfare check in this troubling time? I'm a Business Development Officer for Wells Fargo. Id like to offer help to my fellow Frog Business owners that might need some financial leverage in the coming months. This isn't a plug just for business. I truly care about small businesses as they are the backbone of our country. If I can help any of you with direction or advice please feel free to IM me. I'm here for anyone who wants to review or plan out their businesses future. Loans or Lines of credit are still available. Banks are not slowing down and rates for refis are at an all time low. Best part, I'm a Free resource. Go Frogs!
 

Eight

Member
Banks borrowing at zero percent so yeah you want loans.

BTW which office are you in? Former Frog great Patrick Batteaux is in Addison. Great guy to work with.

problem is, certain banks (i.e. chase - scheiss you jamie dimon) don't want to give you a bank loan because the rate they can offer doesn't offer an attractive enough potential profit for the risk taken giving the loan.

instead, they will give you a credit card where the interest rate is much higher which mean more profit and they make money each time their card gets used

so scheiss dimon and chase again. can you tell i love them?
 

frogs9497

Full Member
I thought part of the bailout package offered no-interest loans to small businesses? I don't know the details, just the headlines.
 

Eight

Member
I am a CFO with a group with over $100 mill in sales. Don’t even, JP Morgan is a key client, Jamie is a good guy overall.

do we really want to go through all the crap that has happened at chase under his watch?

the crap in china with the party officials kid, the guy in england who lost millions, the way they took money in the bailout, won't loan money to small business, and have reaped millions in bonuses?

there are multiple articles about him but here is one of the more recent from vanity fair about he and chase's business practices

https://www.vanityfair.com/news/2017/09/jamie-dimon-billion-dollar-secret-jp-morgan
 
I am a CFO with a group with over $100 mill in sales. Don’t even, JP Morgan is a key client, Jamie is a good guy overall.
Jamie and Ron (Vice Chairman) are great, great guys (and friends too). They are looking out for the Bank but Eight has a point, too (aside from the "scheiss Dimon" stuff).
 

Eight

Member
Jamie and Ron (Vice Chairman) are great, great guys (and friends too). They are looking out for the Bank but Eight has a point, too (aside from the "scheiss Dimon" stuff).

since jamie has been ceo jpmorgan chase has been hit with market rigging charges, 3 different investigations for felony charges, had a trader lose over $6 billion of investors money, and the organization has paid over $35,000,000,000.00 in fines and penalties to multiple governments.

sounds like the barry switzer of banking/ finances to me
 

watchfrog

Active Member
since jamie has been ceo jpmorgan chase has been hit with market rigging charges, 3 different investigations for felony charges, had a trader lose over $6 billion of investors money, and the organization has paid over $35,000,000,000.00 in fines and penalties to multiple governments.

sounds like the barry switzer of banking/ finances to me

Real classy of you to kick a man while he is down. Dimon just got out of the hospital after emergency heart surgery & is still recovering.
 

Eight

Member
Do you know how much in small business loans Chase does?

can only speak to my part of the country, but when i search the database for small business loans in the gulf coast area they are not among the leader in the number of loans.

what they do lead in our area is in loan size and i have seen them cherry pick loans.

maybe i am way off base, but in reading their reports it seemed to me they made their money on credit cards and moving over a trillion dollars a day

tell you what, i am wrong, a guy who has run a business that has been fined over $35 billion in 14 years is just fine
 

netty2424

Full Member
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Eight

Member
Real classy of you to kick a man while he is down. Dimon just got out of the hospital after emergency heart surgery & is still recovering.

so does that mean chase has or has not been fined over $35 billion during his tenure?

did investors lose over $6 billion because of actions by an individual trader?

did chase get hit for rigging markets and buy influence of party officials in china?
 

Eight

Member
Trying to offer you some help here but gripe all you want. Certainly big banks are an issue but Chase shareholders would disagree with your assessment.

shareholders? that is the same logic that stock market represents the state of the economy for the average working american?

should we discuss laurence kotlikoff's opinion of dimon and how he has handed some of the banks matters?
 

Eight

Member
Umm you brought up shareholders and yes I think they were happy until a week ago.

You obviously are biased here so I will back off.

where did i mention shareholders?

i mentioned investors who lost money in iksil's trades and interesting i am now biased after i mention the boston university econ professor who was on reagan's economic counsel who was far, far harsher on dimon in the piece he wrote in forbes in 2015 than i have been in any post here

https://www.forbes.com/sites/kotlik...diamon-be-criminally-prosecuted/#1c268afa3208
 

Peacefrog

Degenerate
Real classy of you to kick a man while he is down. Dimon just got out of the hospital after emergency heart surgery & is still recovering.
Well it’s not like he’s just been absent from this board while in the hospital and can’t defend himself until he gets back. I’m fairly certain he isn’t reading or hearing about this horrible abuse. It’s going to be ok.
 

Peacefrog

Degenerate
Many people are putting out welfare checks for the elderly. Just like our older generations, the economy and our businesses are at risk. Has your bank given you a welfare check in this troubling time? I'm a Business Development Officer for Wells Fargo. Id like to offer help to my fellow Frog Business owners that might need some financial leverage in the coming months. This isn't a plug just for business. I truly care about small businesses as they are the backbone of our country. If I can help any of you with direction or advice please feel free to IM me. I'm here for anyone who wants to review or plan out their businesses future. Loans or Lines of credit are still available. Banks are not slowing down and rates for refis are at an all time low. Best part, I'm a Free resource. Go Frogs!
We should chat. My company fills in the gap for small businesses that can’t get enough or any credit from banks for various reasons. Probably could trade referrals and help out a wider swath.
 
since jamie has been ceo jpmorgan chase has been hit with market rigging charges, 3 different investigations for felony charges, had a trader lose over $6 billion of investors money, and the organization has paid over $35,000,000,000.00 in fines and penalties to multiple governments.

sounds like the barry switzer of banking/ finances to me

Liked for Barry Switzer of banking. Guarantee you that's the first time those words have been uttered together in recorded human history.
 
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