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360 days ago

Texas Lending has excellent customer service and execution. Loan officers did a great job. The transaction was easy and completed all online, except for the closing. Rates and fees were superior to all the alternatives, nationally!

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514 days ago

Looks like major policy differences are appearing within the structure of the Federal Reserve System. In it's annual report released last week, the Dallas FED bank (a branch of the Federal Reserve) called for the breakup of the too-big-to-fail banks like Bank of America, Citigroup, and Chase. The government's bottomless sponsorship of these institutions, the report says, has created a "residue of distrust for the government, the banking system, the Fed and capitalism itself." Strong words. Here's the report.

https://docs.google.com/viewer?url=http%3A%2F%2Fwww .dallasfed.org%2Fassets%2Fdocuments%2Ffed%2Fannual% 2F2011%2Far11.pdf

It's surprisingly readable and is not filled with arcane monetary analysis and instead it focuses on the social impacts of FED policy. In other words, it was designed so it could be read by a wide audience. "These psychological side-effects of Too-Big-To-Fail can't be measured, but they're too important to ignore," the report claims. "People disillusioned with capitalism aren't as eager to engage in productive activities. They're likely to approach economic decisions with suspicion and cynicism, shying away from the risk-taking that drives entrepreneurial capitalism."

It goes on to advocate for higher capital requirements, hammers home the notion that capitalism can't work without failures (moral hazard), and goes on to discuss why limitless zero interest rate policies are economically unfeasible, which it notes can be seen as "taxing savers to pay for the recapitalization of banks whose dire problems led to the calamity." Moreover, it talks about an inherent perversion that has lead to a two tiered regulatory environment: a top-tier where the actions of the too-big-to-fail institutions are routinely ignored and unpunished ("virtually nobody has been held accountable for their roles in the financial crisis," it says), and a lower tier where smaller regional banks are increasingly forced to swim upstream against "the law's sheer length, breadth and complexity," leading to a "massive increase in compliance burdens." As someone who has worked in the banking sector in the area of BSA/Compliance, I can tell you that this is factually correct.

To me, the dichotomy outlined here helps to explain the appearance of two seemingly contradictory political movements: the Tea Party fulminating against a repressive, overweening regulatory structure, and the Occupy movement, railing against an extreme laissez-faire system bordering on lawlessness. Both movements could be right: Tea Party leaders are correct when they argue that enormous new regulatory burdens have appeared in recent years, much of which falls on smaller banking institutions that did not play a large role in creating the asset bubble of past decade. Basically, one group of actors has been given de facto license to ignore these burdens; while everyone else has not, which is the core of Occupy's argument.

The report lists several reasons why the too-big-to-fail institutions should be broken up, but the one that's most damning might just be the criticism of the Dodd-Frank financial bill that passed in Summer 2010, which ostensibly created a mechanism for winding down these large money center banks with reduced cost to the government. Under Dodd-Frank, banks are supposed to create "living wills" that contain plans for an orderly wind down of operations in the case of another Lehman-like disaster. Trouble is, no one within government will likely be willing to make the call to let one of those institutions go down the drain. Why? Because these firms are so deeply intertwined and interconnected that when one starts taking on water, they all do. And any President or Congress who refuses to play the bailout card will likely be signing off on the political suicide of a broad systemic collapse.

"In all likelihood," the report states, "TBTF [too big to fail] could again become TMTF – too many to fail, as happened in 2008." It adds that, "For all its bluster, Dodd-Frank leaves TBTF entrenched."

The significance of this report is not the criticisms that have been leveled--these arguments have already been hashed out many times. What's significant is that the end of too-big-too-fail institutions is becoming more embraced within the political and business establishment. On the far ends of the political spectrum, where Occupy and the Tea Party lie, there are people with sharply contrasting views, but they do agree on fundamental things. For one thing, the economic system can't work if corrupt, chronically failing companies escape consequences by leaning on an endless supply of low-interest liquidity injections courtesy of the FED. The two arguments are blending: you can say the current system is private enterprise corrupting government, or you can call it repressive government corrupting private enterprise, but it increasingly amounts to the same thing.

Lots of stakeholders think the system needs significant reform--the only ones who don't are the leaders of those large financial institutions and the politicians who depend upon their money and patronage. Reports like this one from the Dallas FED are important because they add legitimacy to the argument for breaking up these oligopolistic banks. Who knows, maybe it might eventually happen if enough people get behind it.

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652 days ago

Richard has moved again. My review is based on several years of dealing with Richard. Richard once told me when ask why haven't you retired yet. His response was he would once he starting making mistakes that cost his clients he would know it was time to retire. Richard it's time to Retire! In February 2009 I went in to have a simple tax return prepared I had to leave town and usually what happen was the returned is prepared I take my return and mail it, this time Richard told me to go ahead and let him mail my return he would walk it across the street himself and mail it, as I said, this was not the usual practice but I agreed. 6 months later the return has not been filed and I call from out of state and Richard assures me there must have been some oversight. 2 months later and many calls later I am told by Richard that one of his girls must have filed them before he mailed them out and that he would send them out to me. Another month I have to send my sister up without calling to catch him and demand my return. OK I caulked this up to his age, sure now he would see the writing on the wall. No not Richard, I called him and sure enough he still practicing. I have an urgent need for his expertise, I meet with him over an hour explain what I need, and would he be able to assist me, he assured me he would; I needed the information for court in 2 weeks. He explained to call me in about 4 days I called; he acted like I needed to explain the whole situation which I did. He again told me to call in 2 more days I again stress the importance and the timeline. Then it's days of being ignored I finally get him on the phone and tell him just tell me if you can't get this together I will find someone who can, he assures me he can, at this point I should have said forget it, but I have known Richard many years and you hate to see him start to faultier. The last day I had to get my information I again just show up, he meets me downstairs he starts talking numbers so I again believe him when he tells me he will get the information Monday morning, I know at this point I have no time left and I'm force to trust him. The final insult besides him not producing a single document was I tolerated his touching my breast. This is not unusual for Richard and I tolerate his dirty old man ways giving him he's from a different generation. No more! Richard Winton needs to retire and leave your dirty old man ways to the retirement home.

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674 days ago

they saved me almost $900. Their accident attorney proved my innocence and Traffic Ticket was removed by the court. happy with their service .. will hire them if i get into trouble again.

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827 days ago

She is a typical north Dallas money grubbing attorney who only wants to line her pockets. My wife hired her in our divorce case and Ms. Bybee declined an initial resonable settlement from my attorney. She demanded $14k just to get started and another $7.5 halfway thru. Her hired expert produced appraisal that were below my initial off and ended up costing my wife thousands of dollars due to her greed for more billable hours. I will be filing a complaint against her with the state bar for her tactics.

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977 days ago

I would not recommend attorney Lia Rardin of Dallas Texas as she scammed me out of more than $1,400. She had done very little legal work in a case I was involved with. She told me I owed her the funds in cash and would not let me pay with a credit card. When I asked Ms. Rardin to present the hours she had worked on the case, she refused to do this and demanded the cash.

I felt that if I did not pay up to Lia Rardin’s shakedown, she would take me to court and I would end up having to hire an attorney and this would end up costing me even more. I eventually paid the money and per her demands. I would advise anyone needing an attorney to stay away from attorney Lia Rardin of Dallas, Texas as she is the worst kind of shyster and you would want to avoid her or possibly be subject to one of her well orchestrated shakedowns.

If anyone else has been subject to lawyer Lia Rardin’s shakedown, I would advise them to file a complaint with the State Bar of Texas. If they get enough complaints on her, I believe they will eventually take some action and hopefully she will be disbarred. I do not believe she will stop her shyster ways until she is disbarred from the Texas State Bar.

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1105 days ago

Debt Settlement, DWI Attorney, Chapter 13 Bankruptcy, Divorce Attorney, Credit Card Debt

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1178 days ago

Definitely do not recommend this attorney's office. 1- They are extremely expensive for the service they offer so i would recommend getting a second opinion. 2- The fees on the contract is not what they will really charge you, in fact thats just the tip of the iceberg if i should say. I thought the price of the contract includes all services given to you but on top of that they will charge you even for showing up at their office or for calling you/ responding to your call regarding your case, and all that keeps growing on your bill just to name one of the million ways that they will charge you. 3- They are only professional on the first day until they cash in your payment and if you're on a payment plan they will start calling you at 8:00 that morning to collect the money. And on numerous occasion will call you days before the date to collect the money. 4- Monica. Main objective: to scare the clients into hiring them or making faster payments. And she's doing a good job at it. She handles most of the issues there, but never answers the phone, never returns voice mail calls, and hangs up on clients without any remorse. she will growl on the phone like a real beast, then hang it up on your face literally! I have friends that were clients there confirming that with me. 5- You will only be able to speak/ see the person in charge of your case only when that person feels like talking to/ seeing you. And of course that's after they collected you money. 6 - to 365 - You will always owe them because they have so many ways to charge you. For example when you call to give them you credit/ debit card number so they can deduct the payment, you get charged for that call. And i dare you to try to be slick and run up in that office to pay in person, you still get charged for going up in there. I have a friend that paid all the fess on the contract and unfortunately everything wasn't done on her files yet, and from then until now she has paid more that what her contract fees were, on top of paying off the contract fees. That's more than double what she was told she had to pay when she walked in that office. And guess what? she's not done paying because they still have her file opened and she is getting charged for receiving calls from them, calling them, maybe they even charge her for thinking about her, REALLY!!!!

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1192 days ago

We licensed PI's agree with BOUNTYHUNTER - if 4Front Investigations really has office in Los Angeles or San Diego CA with no CA PI license that it is the publics duty to report them. Also as he is unlicensed in TX we recommend only using licensed PI's -- as unlicensed activity in TX is also illigal. Checking internet by searching Kevin M. Sianez owner of the 4front website listed I found no PI license issued in TX or CA for him. §1702.104. Licensing Investigations Company Texas a.A person acts as an investigations company for the purposes of this chapter if the person: 1.engages in the business of obtaining or furnishing, or accepts employment to obtain or furnish, information related to: A.crime or wrongs done or threatened against a state or the United States; B.the identity, habits, business, occupation, knowledge, efficiency, loyalty, movement, location, affiliations, associations, transactions, acts, reputation, or character of a person; C.the location, disposition, or recovery of lost or stolen property; or D.the cause or responsibility for a fire, libel, loss, accident, damage, or injury to a person or to property; 2.engages in the business of securing, or accepts employment to secure, evidence for use before a court, board, officer, or investigating committee; 3.engages in the business of securing, or accepts employment to secure, the electronic tracking of the location of an individual or motor vehicle other than for criminal justice purposes by or on behalf of a governmental entity; or 4.engages in the business of protecting, or accepts employment to protect, an individual from bodily harm through the use of a personal protection officer. b.For purposes of subsection (a)(1), obtaining or furnishing information includes information obtained or furnished through the review and analysis of, and the investigation into the content of, computer-based data not available to the public. Please be aware that providing or offering to provide a regulated service without a license is a criminal offense. TEX. OCC. CODE §1702.101, §1702.388. Employment of an unlicensed individual who is required to be licensed is also a criminal offense. TEX. OCC. CODE §1702.386. I recommend using only licensed investigators such as your self. God Bless Texas ! Beware of phony advertising is located Garden Grove California !! Ffront Investigations IP Adress is 98.151.173.122

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1192 days ago

We licensed PI's agree with BOUNTYHUNTER 1 if 4Front Investigations really has office in Los Angeles or San Diego CA with no CA PI license that it is the publics duty to report them. Also as he is unlicensed in TX we recommend only using licensed PI's -- as unlicensed activity in TX is also illigal. Checking internet by searching Kevin M. Sianez owner of the 4front website listed I found no PI license issued in TX or CA for him. §1702.104. Investigations Company Texas a.A person acts as an investigations company for the purposes of this chapter if the person: 1.engages in the business of obtaining or furnishing, or accepts employment to obtain or furnish, information related to: A.crime or wrongs done or threatened against a state or the United States; B.the identity, habits, business, occupation, knowledge, efficiency, loyalty, movement, location, affiliations, associations, transactions, acts, reputation, or character of a person; C.the location, disposition, or recovery of lost or stolen property; or D.the cause or responsibility for a fire, libel, loss, accident, damage, or injury to a person or to property; 2.engages in the business of securing, or accepts employment to secure, evidence for use before a court, board, officer, or investigating committee; 3.engages in the business of securing, or accepts employment to secure, the electronic tracking of the location of an individual or motor vehicle other than for criminal justice purposes by or on behalf of a governmental entity; or 4.engages in the business of protecting, or accepts employment to protect, an individual from bodily harm through the use of a personal protection officer. b.For purposes of subsection (a)(1), obtaining or furnishing information includes information obtained or furnished through the review and analysis of, and the investigation into the content of, computer-based data not available to the public. Please be aware that providing or offering to provide a regulated service without a license is a criminal offense. TEX. OCC. CODE §1702.101, §1702.388. Employment of an unlicensed individual who is required to be licensed is also a criminal offense. TEX. OCC. CODE §1702.386. I recommend using only licensed investigators such as your self. God Bless Texas ! Beware of phony advertising is located Garden Grove California !! Ffront Investigations IP Adress is 98.151.173.122

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