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Wow this is misinformed. Posting incorrect information in such a cocky way is detrimental to the forum. Look at any global bank's stock price throughout this c

by dtwest 6y ago

Wow this is misinformed. Posting incorrect information in such a cocky way is detrimental to the forum. Look at any global bank's stock price throughout this crisis. Being a lender to the businesses of a shut down economy is not very profitable.

celticninja 6y ago
Stock price does not tell you how the fundamentals of a business are operating. Especially not in this environment, everyone's stock price is down. Also these are the banks that got a huge bailout from the government a decade ago for failures of their own making. If a big bank goes under due to coronavirus then I will of course apologize for being wrong, but I doubt that will happen. Too big to fail remember. So we bailed them out now they could be a little more civic minded. And as I said, do it at cost, pay your staff, but don't be thinking about the next dividend payments to shareholders or bonus remuneration to the CEO
- dtwest 6y ago
  Everyone's stock price is not down. Another false statement. The majority are down though, as they should be. I am not defending bailouts, I'm saying you should get your facts straight.
  - celticninja 6y ago
    OK, not everyones individually, but look at all the major stock exchanges and their value is down. This is a good indicator that the vast majority, and therefore it means that most investors are affected similarly. Are pension funds down? Yes. Are most retail investors down? Yes. Anyone who is up is not up enough to make a difference to the market in general. So dont be disingenous, you know what i meant by 'everyone' in this instance.
  - celticninja 6y ago
    it does seem like you choose to pick arguments when people generalise, opting to show how there are examples that go against their point. Even though they may be unique examples that are the opposite to what someone claims but are unrepresentative of reality. This doesn't add to the discussion, in fact it detracts because it devolves into an unnecessary flamewar. HN is not reddit so please dont try and make it like that. I hope you can see how you were being disingenous, regardless it makes me not want to continue the discussion anymore as I dont feel you are engaging honestly and are just trying to score points.
jeltz 6y ago
The stock prices of casino companies are also down and I know from friends working for those companies that they are making more money now than before corona. Stock price is down for almost everyone right now. That said this crisis should have hit banks.

by dtwest 6y ago

celticninja 6y ago

Stock price does not tell you how the fundamentals of a business are operating. Especially not in this environment, everyone's stock price is down. Also these are the banks that got a huge bailout from the government a decade ago for failures of their own making. If a big bank goes under due to coronavirus then I will of course apologize for being wrong, but I doubt that will happen. Too big to fail remember. So we bailed them out now they could be a little more civic minded. And as I said, do it at cost, pay your staff, but don't be thinking about the next dividend payments to shareholders or bonus remuneration to the CEO

dtwest 6y ago
Everyone's stock price is not down. Another false statement. The majority are down though, as they should be. I am not defending bailouts, I'm saying you should get your facts straight.
- celticninja 6y ago
  OK, not everyones individually, but look at all the major stock exchanges and their value is down. This is a good indicator that the vast majority, and therefore it means that most investors are affected similarly. Are pension funds down? Yes. Are most retail investors down? Yes. Anyone who is up is not up enough to make a difference to the market in general. So dont be disingenous, you know what i meant by 'everyone' in this instance.
- celticninja 6y ago
  it does seem like you choose to pick arguments when people generalise, opting to show how there are examples that go against their point. Even though they may be unique examples that are the opposite to what someone claims but are unrepresentative of reality. This doesn't add to the discussion, in fact it detracts because it devolves into an unnecessary flamewar. HN is not reddit so please dont try and make it like that. I hope you can see how you were being disingenous, regardless it makes me not want to continue the discussion anymore as I dont feel you are engaging honestly and are just trying to score points.

jeltz 6y ago

The stock prices of casino companies are also down and I know from friends working for those companies that they are making more money now than before corona. Stock price is down for almost everyone right now. That said this crisis should have hit banks.