1 in 5 US Renters Risk Eviction by 9/30/2020

[conserveguy877]

Has it been 120 million Americans like the Groping Joe said you Fake Newser?

152K as of Wednesday 7/29/30.
Tell Trump it's time to drink more bleach.

us covid 19 deaths total - Google Search

Oh, deflecting on the Sleepy Joe problem are we? Typical of you to overlook at.

 

[georgephillip]

Oh, deflecting on the Sleepy Joe problem are we? Typical of you to overlook at.

I'm not sufficiently stupid to vote for Trump or Biden.
Obviously, you're not.

Drink More Bleach, Bitch

 

[Papageorgio]

Protracted lockdowns and tossing millions out of their "non-essential" jobs.

Gee, who could've seen this coming...

I don't think anyone in the Trump Administration is capable of considering how much worse this pandemic is likely to become over the next six months; hopefully, Trump's gone before the next wave arrives in 2021.

1918 Influenza: the Mother of All Pandemics

A Coronavirus is much different than an influenza virus. Flues are seasonal and can mutate rapidly, that is why there is a flu shot every year. The coronavirus is not seasonal and mutates much slower and that is why an RNA vaccine will work well against the coronavirus.

There will be waves of the virus until a vaccine is found. As doctors learn to deal with the virus the treatment will change depending on the stage and the death rate will start dropping as we are seeing. The waves we are seeing isn’t because of mutations, it’s because people coming in contact with each other. As the government continues to lift and tighten down restrictions we will see the continued waves.

 

[badger2]

Hardt and Negri are at least two more others interested in values, including the value of surplus labor.

'The working-class struggle puts the functioning of the law of value in definitive crisis, not only in the sense that its practices determine and reinforce the functioning of the law of the tendential fall of the rate of profit, but in the even more profound sense of destabilizing the very terms on which the law holds, in other words, taking away the meaning of the relation between necessary labor and surplus labor (which, as Marx says, is in the final instance the foundation of everything). At this very moment, socialism becomes impossible. Socialism and all the socialist utopias try to put forth the actual realization of the law of value, which amounts to saying the complete real subsumption of social labor into capital.'
(Labor of Dionysus, p. 205.6

GDP Plummets 32.9 Percent

GDP Plummets 32.9 Percent in COVID-19 Crash

A quarterly drop for the record books still doesn’t signal the end of the economic pain.

news.yahoo.com

 

[conserveguy877]

Oh, deflecting on the Sleepy Joe problem are we? Typical of you to overlook at.

I'm not sufficiently stupid to vote for Trump or Biden.
Obviously, you're not.

Drink More Bleach, Bitch

Pipe down you Groping Joe apologist..

 

[georgephillip]

At 2011, C was paying $0.01 per share, gradually increasing the dividends to $0.51 per share, which means their profits are going back to shareholders.

How is Citi currently paying its shareholders and funding its buybacks?

Citigroup Has Been Paying Out More than It Earned for Years; Now It Has $102.5 Billion in Debt Maturing within Three Years

"Citigroup’s most recent 10-K shows that in 2019 it paid out 121.8 percent of its net income in dividends and stock buybacks.

"But here’s the really scary part.

"The United States is in the greatest economic downturn since the Great Depression with loan losses mushrooming at the largest banks. This is a time to have lots of liquidity at the banks and smooth sailing ahead.

"But when we looked at what Citigroup has maturing in long-term debt for this year and the next two years, it was not a comforting sight."

As long as finance capitalism knows in advance the Federal Reserve will cover its losses, in has no incentive to close the casino.

 

[georgephillip]

So what? Citigroup is not immune from the virus, either. Are the calculations a sugar-plum extrapolation?

As I understand it, the debate contrasts paying shareholders today or marshaling resources for a possible Great Depression 2.0?

Bank Dividends in Peril With Crisis Veterans Warning of Trouble

"A long-running clash over the ability of Wall Street banks to weather hard times and still pay shareholder dividends is gaining urgency as the number of Covid-19 cases ticks up and economic data remain gloomy.

"Critics, including a number of government and Federal Reserve veterans of the 2008 financial crisis, say they’d rather see the banks marshal resources for a rocky road ahead than continue paying shareholders."

 

[georgephillip]

You do understand that all on this photo are Democrats.

Conservative Democrats are often as racist as conservative Republicans.

 

[Toddsterpatriot]

At 2011, C was paying $0.01 per share, gradually increasing the dividends to $0.51 per share, which means their profits are going back to shareholders.

How is Citi currently paying its shareholders and funding its buybacks?

Citigroup Has Been Paying Out More than It Earned for Years; Now It Has $102.5 Billion in Debt Maturing within Three Years

"Citigroup’s most recent 10-K shows that in 2019 it paid out 121.8 percent of its net income in dividends and stock buybacks.

"But here’s the really scary part.

"The United States is in the greatest economic downturn since the Great Depression with loan losses mushrooming at the largest banks. This is a time to have lots of liquidity at the banks and smooth sailing ahead.

"But when we looked at what Citigroup has maturing in long-term debt for this year and the next two years, it was not a comforting sight."

As long as finance capitalism knows in advance the Federal Reserve will cover its losses, in has no incentive to close the casino.

How is Citi currently paying its shareholders and funding its buybacks?

Companies are allowed to buy back stock, pay dividends and borrow money

As long as finance capitalism knows in advance the Federal Reserve will cover its losses, in has no incentive to close the casino.

Why do you feel the Federal Reserve will cover its losses?
It never has before, why would it now?

 

[Toddsterpatriot]

At 2011, C was paying $0.01 per share, gradually increasing the dividends to $0.51 per share, which means their profits are going back to shareholders.

That would be bad enough if Wall Street speculators didn't require constant taxpayer support via the Federal Reserve:

Fed Guarantees Unproductive Debt and Perilous Speculation | Ralph Nader

"Back nearly 90 years ago, the influential British economist, John Maynard Keynes, warned about stock markets veering into speculation and away from investments to build the real economy.

"Today, he might view stock markets as the epitome of wasteful 'casino capitalism.'

"They have very little to do with raising money for useful investments and everything to do with making bets, as in multi-tiered derivatives, puts, and options to make money from money.

"Most often using, in Justice Louis Brandeis’s phrase, 'other people’s money,' the Wall Street gamblers reap lucrative fees from unproductive speculation"

" Fed Chairman, Jerome H. Powell, has chosen to instill 'confidence' in the stock markets and credit markets by injecting trillions of dollars into the financial system to reassure the Wall Street speculators that the Covid-19 pandemic won’t crash the money markets into chaos and bankruptcies."

Why are you confusing "taxpayer support" with "Federal Reserve"?

It's because you're an idiot, right?

 

[georgephillip]

'In fact, none of the bailouts were necessary because the meltdown was strictly a matter confined to the canyons of Wall Street. It would have burned out there on its own had Washington allowed the free market to have its way with a handful of insolvent institutions that needed to be taken out: Morgan Stanley, Goldman, and Citigroup, among others.

There were millions of Americans who lost their homes and jobs, as well during the last fraud epidemic. Would you go so far as to call for nationalizing Wall Street and the Fed?

 

[Toddsterpatriot]

'In fact, none of the bailouts were necessary because the meltdown was strictly a matter confined to the canyons of Wall Street. It would have burned out there on its own had Washington allowed the free market to have its way with a handful of insolvent institutions that needed to be taken out: Morgan Stanley, Goldman, and Citigroup, among others.

There were millions of Americans who lost their homes and jobs, as well during the last fraud epidemic. Would you go so far as to call for nationalizing Wall Street and the Fed?

How would a "nationalized" Fed be different than the current Fed?

 

[georgephillip]

he banks, and their shareholders, lost hundreds of billions.

How many of the bankers and shareholders lost their homes, jobs, and/or retirements?

 

[Toddsterpatriot]

he banks, and their shareholders, lost hundreds of billions.

How many of the bankers and shareholders lost their homes, jobs, and/or retirements?

Many.

 

[georgephillip]

Like the operators of McDonald's drive-through windows, brokers simply tapped the screen and another serving of home mortgage loans would instantly appear. Brokers then obtained the money for loan disbursements to homeowners simply by drawing down their warehouse lines until enough volume was achieved to facilitate a block sale of freshly minted mortgages to their Wall Street partners

Sounds like a problem with markets?

The Consequences of Inequality Can Be Fatal - CounterPunch.org

"In ancient Greece, Plato and Aristotle worried about and discussed the threat to community, to social cohesion, posed by inequalities of wealth and income.

"They criticized markets as institutions because, in their view, markets facilitated and aggravated income and wealth inequalities.

"But modern capitalism sanctifies markets and has thus conveniently forgotten Plato’s and Aristotle’s cautions and warnings about markets and inequality."

 

[Toddsterpatriot]

Like the operators of McDonald's drive-through windows, brokers simply tapped the screen and another serving of home mortgage loans would instantly appear. Brokers then obtained the money for loan disbursements to homeowners simply by drawing down their warehouse lines until enough volume was achieved to facilitate a block sale of freshly minted mortgages to their Wall Street partners

Sounds like a problem with markets?

The Consequences of Inequality Can Be Fatal - CounterPunch.org

"In ancient Greece, Plato and Aristotle worried about and discussed the threat to community, to social cohesion, posed by inequalities of wealth and income.

"They criticized markets as institutions because, in their view, markets facilitated and aggravated income and wealth inequalities.

"But modern capitalism sanctifies markets and has thus conveniently forgotten Plato’s and Aristotle’s cautions and warnings about markets and inequality."

Everyone was equal in the Soviet Union, right?
How'd that work out?

 

[georgephillip]

Sure. After Clinton mandated that Fannie and Freddie buy 50% subprime mortgages and Bush raised the mandate to 55%, we were off to the races.

Who lobbied Clinton and Bush for those policies?

 

[Toddsterpatriot]

Sure. After Clinton mandated that Fannie and Freddie buy 50% subprime mortgages and Bush raised the mandate to 55%, we were off to the races.

Who lobbied Clinton and Bush for those policies?

Who lobbied Clinton and Bush for those policies?

Obama.

 

[Wyatt earp]

Why would anyone who isn't a racist view black people as a contagion?

Why would the Obamas buy a $12 million home on Martha's Vineyard (less than 4% black) instead of on the South Side of Chicago, say Chatham (98.7% black)?

LMFAO what a burn

 

[Ame®icano]

You do understand that all on this photo are Democrats.

Conservative Democrats are often as racist as conservative Republicans.

You failed to provide the photo of Republicans in KKK attire.