So by you lying about people's beliefs and motives is a sign of highest regard? I suggest that you take your own advice.
________________________________________ From: IBM Mainframe Discussion List <IBM-MAIN@LISTSERV.UA.EDU> on behalf of David Crayford <dcrayf...@gmail.com> Sent: Friday, April 7, 2023 12:04 AM To: IBM-MAIN@LISTSERV.UA.EDU Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by value] On 7/4/23 10:15, Bill Johnson wrote: > I know more about banking than you know it alls. Already proved Crayford > wrong regarding the challenger banks. And ING dropped their mainframe as > their stock price is cut in half the last 20 years. Explain the complex > reasons or are you making that up too? > Throughout my time on this forum, I've engaged in numerous debates, but I always maintain the highest regard for those I disagree with. These individuals are exceptional mainframe experts, boasting extensive experience and adding immense value to our community. Bill, I struggle to recall any technical insights you've shared in our discussions. Instead, you tend to repeatedly express unconstructive comments. Please consider reevaluating your approach, as your current contributions are not generating much interest or value. > Sent from Yahoo Mail for iPhone > > > On Thursday, April 6, 2023, 10:11 PM, Doug <d...@bkassociates.net> wrote: > > For alot more complex reasons than your simplistic view of banking. > Perhaps some time learning real banking might help. Or some > macroeconomics to go along with it. I've made plenty over the years on > the right bank investments. And took some risks with others. But I > actually understand the business. > And despite your pronouncement, plenty of retail banks are quite > profitable. > > Doug Fuerst > d...@bkassociates.net > > ------ Original Message ------ > From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu> > To: IBM-MAIN@listserv.ua.edu > Sent: 06-Apr-23 20:19:39 > Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by > value] > >> I did. Mellon Bank during the transition from retail bank to investment >> bank. Retail banking sucks for profits. That’s why Citi is selling for 6 >> times earnings. ING stock would have lost you a ton of money over the last >> 20 years. Why are bank stocks selling at a huge discount to the market? >> >> >> Sent from Yahoo Mail for iPhone >> >> >> On Thursday, April 6, 2023, 8:06 PM, Doug <d...@bkassociates.net> wrote: >> >> Maybe you should have actually worked in retail banking, which clearly, >> you never have. >> >> >> Doug Fuerst >> d...@bkassociates.net >> >> ------ Original Message ------ >> From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu> >> To: IBM-MAIN@listserv.ua.edu >> Sent: 06-Apr-23 19:16:58 >> Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by >> value] >> >>> Like I said, there’s little money in retail banking. And zero money to be >>> made in challenger banking. It’s why they are all shrinking or closed. >>> Mellon bank saw this 20+ years ago. ING & others are focusing more on >>> investment banking. Mostly for the high net worth people but also people in >>> our financial arena. It’s why Bank of America agreed to take on Merrill >>> Lynch in 2008 during the meltdown. And still can’t make much money because >>> of their focus on retail banking. Wells Fargo got fined a bundle for trying >>> to rip off consumers because there’s little money in retail banking. Most >>> banks are trying to get into investment banking where significant money can >>> be made. Quasi Goldman Sachs or Morgan Stanley like. >>> >>> You can see how precarious the economy is for retail banking companies by >>> how quickly they can become insolvent. Even a bank considered excellent >>> because of their clientele like SVB. Then Credit Suisse almost went belly >>> up until UBS saved them. Deutsche Bank isn’t exactly a bastion of >>> profitability either. Citibank almost went belly up in 2008. One of the >>> largest banks in the world. Anyone who claims banking, especially retail >>> banking is a profit generating machine is not paying attention. >>> >>> >>> Sent from Yahoo Mail for iPhone >>> >>> >>> On Thursday, April 6, 2023, 6:07 PM, René Jansen >>> <rene.vincent.jan...@gmail.com> wrote: >>> >>> They will be disappointed if they hear that, there are a fusion between >>> Rijkspostspaarbank, NMB (Nederlansche Middenstandsbank, Postcheque en >>> Girodienst, and Nationale Nederlanden. They are a very large bank in the >>> Netherlands. And yes they are off the mainframe, running a lot of mainframe >>> stuff on Micro Focus. >>> >>> best regards, >>> >>> René. >>> >>>> On 7 Apr 2023, at 00:01, Bill Johnson >>>> <00000047540adefe-dmarc-requ...@listserv.ua.edu> wrote: >>>> >>>> ING isn’t a bank either. >>>> >>> ---------------------------------------------------------------------- >>> For IBM-MAIN subscribe / signoff / archive access instructions, >>> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >>> >>> >>> >>> >>> ---------------------------------------------------------------------- >>> For IBM-MAIN subscribe / signoff / archive access instructions, >>> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> ---------------------------------------------------------------------- >> For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> >> >> >> >> ---------------------------------------------------------------------- >> For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
