Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad Read

[Derideo_Te]

They are not a bank and you obviously don't have a clue how banks operate.

A bank is a business and a restaurant is a business.

Thank you for admitting to your ignorance as to how banks run their business.

I said they're both businesses and you say that's ignorant as you refer to a bank's business. Think about how stupid that is.

Obviously you still dwell in your mother's basement.

Different business sectors have different business models. Car dealers don't have the same business model as Insurance companies or Food manufacturers or Wall Street Casino Investment houses.

Banking operates on it's own business model which confuses you because it is based upon managing risk.

Business is business. I run one.

You don't run a bank therefore you don't understand their business model.

 

[Derideo_Te]

That mom&pop bank will probably only have assets equal to a Chik-Fil-A too. It is highly unlikely that any well known national bank will take the reputational risk.

There is one one chik-fil-a, they are not franchises. I doubt a bank with a net worth of $5.5 billion can be considered "mom and pop"

Deposits are liabilities to banks. Loans are assets. Only 28 banks, out of 5,570, in the nation have assets in excess of $5 billion.

None of those 28 banks will be willing to take on the reputational risk associated with the LBGT animus that is associated with the Graham deposits. That just leaves the 5,542 mom&pop banks who will struggle with the FDIC insurance involved with a deposit of that magnitude.

You are promoting shakedown fascism.

Yet another strike for your profound ignorance.

Animus was your word.

Graham is the one with the animus towards the LBGT community that the major banks won't want to have anything to do with.

 

[Derideo_Te]

Deposits are liabilities to banks. Loans are assets. Only 28 banks, out of 5,570, in the nation have assets in excess of $5 billion.

None of those 28 banks will be willing to take on the reputational risk associated with the LBGT animus that is associated with the Graham deposits. That just leaves the 5,542 mom&pop banks who will struggle with the FDIC insurance involved with a deposit of that magnitude.

Like I just said, the wisest banks will remain silent on the issue. If pressed, they will weigh the liabilities and more often than not go the way of maintaining reticence or Hobby Lobby.

Except that banks are openly embracing the LBGT community and will continue to do so because they know that is good for business.

So far it's not working.

You have zero credible evidence to prove your fallacy.

Franklin Graham.

Thank you for tacitly admitting that you have zero credible evidence to prove your fallacy.

 

[The Wolf]

Good for him. I stopped banking there several years ago...good riddance.I would close accounts from bank I use now if I saw that shit.

 

[RoshawnMarkwees]

Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad The Charlotte Observer The Charlotte Observer

He wants you evangelicals to boycott such corporations who support LGBT. The far right social con Christian reactionaries are going to find out just how irrelevant they are truly.

You cannot be the Morality Police anymore.

Run along.

It's his choice where he wants to bank but he's fighting a losing battle. Most Christians today support gay and lesbian's right to marry. .

Religiously unaffiliated Americans (73%), white mainline Protestants (62%), white Catholics (58%), and Hispanic Catholics (56%) all favor allowing gay and lesbian couples to marry. A majority (83%) of Jewish Americans also favor legalizing same-sex marriage.

A Shifting Landscape A Decade of Change in American Attitudes about Same-Sex Marriage and LGBT Issues

That's because they're misguided and uniformed about the consequences of pluralities and majorities of unstructured families.

 

[RoshawnMarkwees]

Like I just said, the wisest banks will remain silent on the issue. If pressed, they will weigh the liabilities and more often than not go the way of maintaining reticence or Hobby Lobby.

Except that banks are openly embracing the LBGT community and will continue to do so because they know that is good for business.

So far it's not working.

You have zero credible evidence to prove your fallacy.

Franklin Graham.

Thank you for tacitly admitting that you have zero credible evidence to prove your fallacy.

Empirical is not fallacy.

 

[RoshawnMarkwees]

There is one one chik-fil-a, they are not franchises. I doubt a bank with a net worth of $5.5 billion can be considered "mom and pop"

Deposits are liabilities to banks. Loans are assets. Only 28 banks, out of 5,570, in the nation have assets in excess of $5 billion.

None of those 28 banks will be willing to take on the reputational risk associated with the LBGT animus that is associated with the Graham deposits. That just leaves the 5,542 mom&pop banks who will struggle with the FDIC insurance involved with a deposit of that magnitude.

You are promoting shakedown fascism.

Yet another strike for your profound ignorance.

Animus was your word.

Graham is the one with the animus towards the LBGT community that the major banks won't want to have anything to do with.

Got it. My bad. However, homo animus is what will ensue. That is homofascism.

 

[RoshawnMarkwees]

A bank is a business and a restaurant is a business.

Thank you for admitting to your ignorance as to how banks run their business.

I said they're both businesses and you say that's ignorant as you refer to a bank's business. Think about how stupid that is.

Obviously you still dwell in your mother's basement.

Different business sectors have different business models. Car dealers don't have the same business model as Insurance companies or Food manufacturers or Wall Street Casino Investment houses.

Banking operates on it's own business model which confuses you because it is based upon managing risk.

Business is business. I run one.

You don't run a bank therefore you don't understand their business model.

Business is business.

 

[RoshawnMarkwees]

Homofascists are among the most intolerant people on earth. Their agenda contributes to social demise on several levels and they want to force everyone to acquiesce to their otherwise irrelevant personal behavior choices.
Pure evil.

 

[Spare_change]

Banks would usually line up for those kinds of deposits. But Ken Thomas, a Miami-based independent bank consultant and economist, said the bank that receives Graham’s bank accounts will have to answer some tough questions.

“The bank that takes this account will be in a higher visibility position because you’re going to ask them, ‘What do you think of that ad?’ … And they will face some potential reputation risk.”

Banks, Thomas said, “don’t like controversy, and they don’t like reputation risk.”

Whichever bank receives these accounts will have to combat the perception that they stand counter to the ideals of Wells Fargo.

“To take your money out of one of the best-run banks in America, and for another bank to accept an account that came out of Wells Fargo, some people might ask questions like, ‘Does your bank not agree with Wells Fargo?’” Thomas said.


Read more here: Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad The Charlotte Observer The Charlotte Observer

He is going to have a hard time finding a major national bank willing to assume the reputational risk that he brings with that account.

None of them will want to be associated with anti-LBGT bigotry.

He is probably going to have to put the funds in some mom&pop bank somewhere and they won't have the resources to handle that kind of deposit.

What a fool!

Wrong -

My company no longer does business with Wells Fargo (we did for over 16 years) for the same reason.

Total loss to Wells Fargo? $13.5 million/year in cash flow-thru.

Had offers from 4 different banks - moved the same day.

Oh .... picked Chase Bank ... hardly a nothing banking institution.

 

[Spare_change]

Banks would usually line up for those kinds of deposits. But Ken Thomas, a Miami-based independent bank consultant and economist, said the bank that receives Graham’s bank accounts will have to answer some tough questions.

“The bank that takes this account will be in a higher visibility position because you’re going to ask them, ‘What do you think of that ad?’ … And they will face some potential reputation risk.”

Banks, Thomas said, “don’t like controversy, and they don’t like reputation risk.”

Whichever bank receives these accounts will have to combat the perception that they stand counter to the ideals of Wells Fargo.

“To take your money out of one of the best-run banks in America, and for another bank to accept an account that came out of Wells Fargo, some people might ask questions like, ‘Does your bank not agree with Wells Fargo?’” Thomas said.


Read more here: Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad The Charlotte Observer The Charlotte Observer

He is going to have a hard time finding a major national bank willing to assume the reputational risk that he brings with that account.

None of them will want to be associated with anti-LBGT bigotry.

He is probably going to have to put the funds in some mom&pop bank somewhere and they won't have the resources to handle that kind of deposit.

What a fool!

Once again you revel in attacking the livelihood of people who disagree with you. A pox on you, and your ilk.

I was expanding on the point made in the article which is perfectly valid.

Banks are risk averse and reputational risk is something banks take very seriously.

That you don't understand this concept is your problem.

I understand it fine, you are a petty miserable person that wants to punish people who disagree with you. That you want people to have NO options for banking due to their political beliefs shows how terrible of a human being you really are.

Kinda like being forced to bake a cake, huh?

 

[Derideo_Te]

Except that banks are openly embracing the LBGT community and will continue to do so because they know that is good for business.

So far it's not working.

You have zero credible evidence to prove your fallacy.

Franklin Graham.

Thank you for tacitly admitting that you have zero credible evidence to prove your fallacy.

Empirical is not fallacy.

There is nothing empirical in your fallacy.

 

[Derideo_Te]

Deposits are liabilities to banks. Loans are assets. Only 28 banks, out of 5,570, in the nation have assets in excess of $5 billion.

None of those 28 banks will be willing to take on the reputational risk associated with the LBGT animus that is associated with the Graham deposits. That just leaves the 5,542 mom&pop banks who will struggle with the FDIC insurance involved with a deposit of that magnitude.

You are promoting shakedown fascism.

Yet another strike for your profound ignorance.

Animus was your word.

Graham is the one with the animus towards the LBGT community that the major banks won't want to have anything to do with.

Got it. My bad. However, homo animus is what will ensue. That is homofascism.

You just called your fellow fundamentalist Christians "homofascists".

 

[Derideo_Te]

Thank you for admitting to your ignorance as to how banks run their business.

I said they're both businesses and you say that's ignorant as you refer to a bank's business. Think about how stupid that is.

Obviously you still dwell in your mother's basement.

Different business sectors have different business models. Car dealers don't have the same business model as Insurance companies or Food manufacturers or Wall Street Casino Investment houses.

Banking operates on it's own business model which confuses you because it is based upon managing risk.

Business is business. I run one.

You don't run a bank therefore you don't understand their business model.

Business is business.

Repeating your mistake expecting a different outcome doesn't alter the fact that you are still both wrong and ignorant.

 

[Derideo_Te]

Homofascists are among the most intolerant people on earth. Their agenda contributes to social demise on several levels and they want to force everyone to acquiesce to their otherwise irrelevant personal behavior choices.
Pure evil.

Ironic given that is an exact description of the aniumus that fundamentalist Christians are displaying towards the LBGT community.

 

[Political Junky]

Franklin Graham is a joke. Trying to latch on to his Daddy's reputation isn't working for him.

 

[Derideo_Te]

Banks would usually line up for those kinds of deposits. But Ken Thomas, a Miami-based independent bank consultant and economist, said the bank that receives Graham’s bank accounts will have to answer some tough questions.

“The bank that takes this account will be in a higher visibility position because you’re going to ask them, ‘What do you think of that ad?’ … And they will face some potential reputation risk.”

Banks, Thomas said, “don’t like controversy, and they don’t like reputation risk.”

Whichever bank receives these accounts will have to combat the perception that they stand counter to the ideals of Wells Fargo.

“To take your money out of one of the best-run banks in America, and for another bank to accept an account that came out of Wells Fargo, some people might ask questions like, ‘Does your bank not agree with Wells Fargo?’” Thomas said.


Read more here: Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad The Charlotte Observer The Charlotte Observer

He is going to have a hard time finding a major national bank willing to assume the reputational risk that he brings with that account.

None of them will want to be associated with anti-LBGT bigotry.

He is probably going to have to put the funds in some mom&pop bank somewhere and they won't have the resources to handle that kind of deposit.

What a fool!

Wrong -

My company no longer does business with Wells Fargo (we did for over 16 years) for the same reason.

Total loss to Wells Fargo? $13.5 million/year in cash flow-thru.

Had offers from 4 different banks - moved the same day.

Oh .... picked Chase Bank ... hardly a nothing banking institution.

Irrelevant since you are not publicly advertising your bigotry to the nation at large.

 

[Derideo_Te]

Franklin Graham is a joke. Trying to latch on to his Daddy's reputation isn't working for him.

I don't see his father adopting this rabid anti-LBGT stance IMO.

 

[Spare_change]

Banks would usually line up for those kinds of deposits. But Ken Thomas, a Miami-based independent bank consultant and economist, said the bank that receives Graham’s bank accounts will have to answer some tough questions.

“The bank that takes this account will be in a higher visibility position because you’re going to ask them, ‘What do you think of that ad?’ … And they will face some potential reputation risk.”

Banks, Thomas said, “don’t like controversy, and they don’t like reputation risk.”

Whichever bank receives these accounts will have to combat the perception that they stand counter to the ideals of Wells Fargo.

“To take your money out of one of the best-run banks in America, and for another bank to accept an account that came out of Wells Fargo, some people might ask questions like, ‘Does your bank not agree with Wells Fargo?’” Thomas said.


Read more here: Franklin Graham is pulling bank accounts from Wells Fargo for featuring same-sex couple in ad The Charlotte Observer The Charlotte Observer

He is going to have a hard time finding a major national bank willing to assume the reputational risk that he brings with that account.

None of them will want to be associated with anti-LBGT bigotry.

He is probably going to have to put the funds in some mom&pop bank somewhere and they won't have the resources to handle that kind of deposit.

What a fool!

Wrong -

My company no longer does business with Wells Fargo (we did for over 16 years) for the same reason.

Total loss to Wells Fargo? $13.5 million/year in cash flow-thru.

Had offers from 4 different banks - moved the same day.

Oh .... picked Chase Bank ... hardly a nothing banking institution.

Irrelevant since you are not publicly advertising your bigotry to the nation at large.

Also, irrelevant because it negates your previous posts about banks not being willing to take their accounts .. oh, and the other one, about nobody else doing this.

 

[Political Junky]

Franklin Graham is a joke. Trying to latch on to his Daddy's reputation isn't working for him.

I don't see his father adopting this rabid anti-LBGT stance IMO.

No, I don't think his Daddy, Billy, is able these days. He did share some interesting anti-semitic quotes with Nixon, though.
I meant that Billy had a reputation, though undeserved. Franklin has accomplished nothing.