3 ms·

So your definition of a bailout is "entities that received money under TARP plus Fannie and Freddie." This is a strange definition and it means that the last b

by abduhl 3y ago

So your definition of a bailout is "entities that received money under TARP plus Fannie and Freddie." This is a strange definition and it means that the last bailout that possibly could have happened was on October 3, 2010 per https://home.treasury.gov/data/troubled-asset-relief-program https://home.treasury.gov/data/troubled-asset-relief-program ("The authority to make new commitments through TARP ended October 3, 2010, at which time Treasury shifted focus to the orderly wind-down of TARP. As of September 30, 2023, all TARP programs have closed, and there are no remaining troubled assets held by OFS."). Indeed, looking at what you believe to be the "last company to receive a bailout" we can see that they were bailed out in 2009. The August 2022 event that you believe to be a bailout is, as the description aptly notes, a "Partial Repayment" of their bailout from 2009. To be honest, it seems like you have no idea what you’re talking about. Almost like you're just reciting some stupid Twitter/Reddit talking point that you agree with but don’t understand beyond "Arghhhhh I hate big corps! The system sucks! Corporations privatize profits and socialize losses!"

grecy 3y ago
> To be honest, it seems like you have no idea what you’re talking about. Almost like you're just reciting some stupid Twitter/Reddit talking point that you agree with but don’t understand beyond "Arghhhhh I hate big corps! The system sucks! Corporations privatize profits and socialize losses!" You said that already, verbatim. Saying the same thing over and over does not help move the discussion forward, and is utterly pointless. Do you want to have a discussion and exchange ideas, or just attack my ideas? So far you have shared none of your own ideas. Why is that? Starting in 2008 GM were dispersed $50B dollars. As of today there is still $11.3B outstanding. GM gross profit for the quarter ending September 30, 2023 was $5.356B (so roughly $20B a year). Do you not think GM should have to pay back some of that outstanding $11.3B ? https://www.macrotrends.net/stocks/charts/GM/general-motors/gross-profit https://www.macrotrends.net/stocks/charts/GM/general-motors/... You don't think American society would be better off if taxpayer money was used to benefit tax payers instead of private companies so they can pay their CEO $38.9 million dollars a year? https://mywage.ca/salary/celebrity-salary/mary-barra https://mywage.ca/salary/celebrity-salary/mary-barra What is your definition of bailout? how does it differ from the site I linked? do you think they are not problematic? (if you share your thoughts and input I will learn something and be better educated as a result, rather than just continuing to attack me as a person.)

by abduhl 3y ago

grecy 3y ago

> To be honest, it seems like you have no idea what you’re talking about. Almost like you're just reciting some stupid Twitter/Reddit talking point that you agree with but don’t understand beyond "Arghhhhh I hate big corps! The system sucks! Corporations privatize profits and socialize losses!" You said that already, verbatim. Saying the same thing over and over does not help move the discussion forward, and is utterly pointless. Do you want to have a discussion and exchange ideas, or just attack my ideas? So far you have shared none of your own ideas. Why is that? Starting in 2008 GM were dispersed $50B dollars. As of today there is still $11.3B outstanding. GM gross profit for the quarter ending September 30, 2023 was $5.356B (so roughly $20B a year). Do you not think GM should have to pay back some of that outstanding $11.3B ? https://www.macrotrends.net/stocks/charts/GM/general-motors/gross-profit https://www.macrotrends.net/stocks/charts/GM/general-motors/... You don't think American society would be better off if taxpayer money was used to benefit tax payers instead of private companies so they can pay their CEO $38.9 million dollars a year? https://mywage.ca/salary/celebrity-salary/mary-barra https://mywage.ca/salary/celebrity-salary/mary-barra What is your definition of bailout? how does it differ from the site I linked? do you think they are not problematic? (if you share your thoughts and input I will learn something and be better educated as a result, rather than just continuing to attack me as a person.)