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http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-your-bank-getting-corporate-welfare-.html http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-yo
by jonhendry 14y ago
http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-your-bank-getting-corporate-welfare-.html http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-yo...
- akamaka 14y agoCalling that a "subsidy" is stretching the English language quite a bit.
- jonhendry 14y agoTry taking it away from the banks, and see how hard they fight to keep it. Which suggests it is a real subsidy.
- refurb 14y agoUsing this logic, the following are subsidies as well: student loan guarantees, low student loan interest rates, tax deductions for mortgage interest payments, FDIC insurance of deposits.
- Gravityloss 14y agoEnglish is not my native language, but yes, those are subsidies too.
- ScottBurson 14y agoYep, they sure are. They are all benefits to particular groups that cost the government money to provide. I don't think anyone here is saying that all subsidies are necessarily bad. Some activities are worth subsidizing. But let's not deny that that's what we're doing.