Why Should Taxpayers Give Big Banks $83 Billion a Year?

[BFT3K]

"So what if we told you that, by our calculations, the largest U.S. banks aren?t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?" ~ Bloomberg News Editors

http://www.bloomberg.com/news/2013-0...n-a-year-.html

[purecane]

that's the first time I've heard about "corporate welfare". it's pretty sad, people bitch all day cause shaniqua gets 600$ a month in food stamps but these greedy bastards get leer jets, limousines and champagne.

[slapass]

You did see that it was the market giving them the extra profit based on the perceived backing of the US taxpayer. It did not come out of your pocket or paycheck.

[sperbonzo]

There should be no bailout of any private business with public monies.


Ever.



Period.





.

[purecane]

There should be no bailout of any private business with public monies.


Ever.



Period.





.

thanx mike....i never said it was MY money.

[_Richard_]

that's the first time I've heard about "corporate welfare". it's pretty sad, people bitch all day cause shaniqua gets 600$ a month in food stamps but these greedy bastards get leer jets, limousines and champagne.

first time? it's pretty intense the scam thats going on

[Heath]

Why should we give even more to green energy firms that end up going bankrupt then being bought by the Chinese for a much lower price?

We've given FAR more to green energy firms, aka liberal allies then banks. The only difference is they never work and taxpayers never get their money back. Nor do they actually provide any services to the public since they are generally experimental, not actually working.

[HushMoney]

Why should we give even more to green energy firms that end up going bankrupt then being bought by the Chinese for a much lower price?

We've given FAR more to green energy firms, aka liberal allies then banks. The only difference is they never work and taxpayers never get their money back. Nor do they actually provide any services to the public since they are generally experimental, not actually working.

We give more than $83 billion in yearly subsidies to green energy firms? Do you have proof of that?

[crockett]

that's the first time I've heard about "corporate welfare". it's pretty sad, people bitch all day cause shaniqua gets 600$ a month in food stamps but these greedy bastards get leer jets, limousines and champagne.

Umm corporate welfare has gone on a long time.. Companies like GE pay no taxes and oil companies like Exxon rake in millions of govt subsidies while making record profits.

[Google Expert]

We give more than $83 billion in yearly subsidies to green energy firms? Do you have proof of that?

proof or ban

[JFK]

proof or ban

[pornguy]

If you think thats the only money trick going on, your wrong

[BigChad]

that's the first time I've heard about "corporate welfare". it's pretty sad, people bitch all day cause shaniqua gets 600$ a month in food stamps but these greedy bastards get leer jets, limousines and champagne.

1 Shaniqua isn't a problem.. millions of Shaniqua's with 5 chillrens that will be doing the same thing = a huge problem.. and it's finally catching up. The new scam now is not only food stamps and welfare, it's also disability and claming adhd on your children for an extra 500 a month a head. In Florida it's nothing but perfectly health black people jumping out of a car sitting in a handicap spot to run into mcdonalds.

[Nikki_Licks]

There should be no bailout of any private business with public monies.


Ever.



Period.





.

Exactly!!!!

If they can't make it, then let them fail.....

[purecane]

i was being sarcastic because i don't like that description of what is going on. it is corporate theft by means of government fraud. you are right about one thing though, it has all gotten way out of hand.

[DTK]

We've given FAR more to green energy firms, aka liberal allies then banks.

Post proof or remove head from ass.

[DTK]

Huge corporations in every sector get massive corporate welfare. Did ya'll know that the 10 most profitable companies paid an average of 9% in taxes in 2011?

Sure, they're taking advantage of the tax rules, but here's the part you never hear about: they spend huge amounts of money on bribes, oops I mean lobbying and campaign contributions, to modify the tax code in their favor.

Corporatism aka fascism FTW

[DTK]

We've given FAR more to green energy firms, aka liberal allies then banks.

Post proof or remove head from ass.

Actually, just remove head from ass. Apparently you're unaware of the fact that the banks were given $700+ billion in the bailout, no strings attached

[SilentKnight]

We've given FAR more to green energy firms, aka liberal allies then banks.

Really?!

I'd really like you to show me how that works.

[arock10]

Why should we give even more to green energy firms that end up going bankrupt then being bought by the Chinese for a much lower price?

We've given FAR more to green energy firms, aka liberal allies then banks. The only difference is they never work and taxpayers never get their money back. Nor do they actually provide any services to the public since they are generally experimental, not actually working.

You don't think the Chinese government heavily subsidized their own green companies? They subsidize the fuck out of all of their industries

[Vendzilla]

Facebook got a 429 million dollar refund. A 1 billion dollar tax break?
They made more than 1 billion last year.

[BFT3K]

[mozadek]

Corporate welfare is okay, not social welfare. Sheniqua aint creating thousands of jobs.

[BFT3K]

Corporate welfare is okay, not social welfare. Sheniqua aint creating thousands of jobs.

Corporations have been making record profits, but they are not hiring more US workers to do so, and they are not raising the salaries for the ones they do hire.

Sheniqua spends every penny she gets, which in turn supports small businesses, as well as the larger corporations.

Without the Sheniquas in the mix, the economy shrinks. Even the big corporations suffer. They are left to wonder where the customers are, and in turn lay even more workers off to maintain profitability.

Here's a headline form just a couple of days ago...

http://www.thedailybeast.com/article...with-them.html