Are Rich Hollywood, Sports, Music, And Other Celebrities Any Different Than Rich CEO's?

[pknopp]

You’re an idiot. This was before they sold off their shares. Govt made a profit.

Dear Taxpayer: Your Auto Bailout Loan Is Repaid, With Interest

The auto bailouts were not speculative investments aimed at delivering a fat return to John Q. Public. They were designed to avoid an economic apocalypse that would have rivaled the Great Depression. Even so, taxpayers have come out a few billion ahead.

www.wardsauto.com

June 10, 2013

Your link.

Mine as you note, 2014.

 

[AzogtheDefiler]

June 10, 2013

Your link.

Mine as you note, 2014.

Yep. And yours doesn’t state that the Govt converted that debt to equity. Which is actually more lucrative. That is a FACT. So they made money off the investments. You can research it but you’re too stupid.

Equity is always better that debt.

Finance 101

 

[pknopp]

Yep. And yours doesn’t state that the Govt converted that debt to equity. Which is actually more lucrative. That is a FACT. So they made money off the investments. You can research it but you’re too stupid.

Equity is always better that debt.

Finance 101

It was all sold and we lost near 10 billion. All the same it should never have happened. Things like that do not happen in Capitalism. In Capitalism if you fail, you go out of business.

You faux capitalists though..............

 

[AzogtheDefiler]

It was all sold and we lost near 10 billion. All the same it should never have happened. Things like that do not happen in Capitalism. In Capitalism if you fail, you go out of business.

You faux capitalists though..............

No we didn’t. The govt took equity stakes. We made money. You’re an idiot

 

[pknopp]

No we didn’t. The govt took equity stakes. We made money. You’re an idiot

Final tally: Taxpayers auto bailout loss $9.3B

The Obama Administration's Auto Bailout Failure

https://www.reuters.com/article/bus...lost-112-billion-on-gm-bailout-idUSBREA3T0MU/

Federal government lost $9.26B on auto rescue

Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation

U.S. exits GM stake, taxpayers lose $10.5 billion

General Motors Bailout Cost Taxpayers $11.2 Billion

Government Lost $9.26 Billion Saving Auto Industry - The Detroit Bureau

 

[AzogtheDefiler]

Final tally: Taxpayers auto bailout loss $9.3B

The Obama Administration's Auto Bailout Failure

https://www.reuters.com/article/bus...lost-112-billion-on-gm-bailout-idUSBREA3T0MU/

Federal government lost $9.26B on auto rescue

Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation

U.S. exits GM stake, taxpayers lose $10.5 billion

General Motors Bailout Cost Taxpayers $11.2 Billion

Government Lost $9.26 Billion Saving Auto Industry - The Detroit Bureau

Issuance of Equity to the US Government in Exchange for Aid—Considerations for Boards

Read our latest post from Freshfields partners Ethan Klingsberg and Paul Tiger are partners and counsel Andrea Basham.

corpgov.law.harvard.edu

They took equity positions you idiot. I am not going to explain basic finance to you. They made money.

 

[pknopp]

Issuance of Equity to the US Government in Exchange for Aid—Considerations for Boards

Read our latest post from Freshfields partners Ethan Klingsberg and Paul Tiger are partners and counsel Andrea Basham.

corpgov.law.harvard.edu

They took equity positions you idiot. I am not going to explain basic finance to you. They made money.

And sold them and lost money.

Do I need to post 20 more links noting this?

And again, That is NOT capitalism.

 

[AzogtheDefiler]

Final tally: Taxpayers auto bailout loss $9.3B

The Obama Administration's Auto Bailout Failure

https://www.reuters.com/article/bus...lost-112-billion-on-gm-bailout-idUSBREA3T0MU/

Federal government lost $9.26B on auto rescue

Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation

U.S. exits GM stake, taxpayers lose $10.5 billion

General Motors Bailout Cost Taxpayers $11.2 Billion

Government Lost $9.26 Billion Saving Auto Industry - The Detroit Bureau

From your links, you finance ignorant defect

the taxpayer bailout of GM saved 1.2 million jobs and avoided the loss of $129.2 billion in personal income in 2009 and 2010.

 

[AzogtheDefiler]

And sold them and lost money.

Do I need to post 20 more links noting this?

And again, That is NOT capitalism.

Keep reading. They did not. LOL

The link from 2013 that I posted did the math for you.

 

[pknopp]

From your links, you finance ignorant defect

the taxpayer bailout of GM saved 1.2 million jobs and avoided the loss of $129.2 billion in personal income in 2009 and 2010.

So the excuses for the socialist programs say.

They also said the entire system would collapse if GM was forced to go through bankruptcy.

Well then GM did go through bankruptcy and none of the claims happened.

 

[AzogtheDefiler]

So the excuses for the socialist programs say.

They also said the entire system would collapse if GM was forced to go through bankruptcy.

Well then GM did go through bankruptcy and none of the claims happened.

We have bankruptcy laws and it would have been worse. So the govt issued debt that was repaid with interest, collected taxes and took equity positions. It also didn’t have to pay unemployment. So the Govt made money.
Sounds like a sound investment to me.

PPP was stupid. There you have a better case.
Except govt caused the shutdowns

 

[pknopp]

We have bankruptcy laws and it would have been worse.

GM went through bankruptcy.

It's Official: GM Files For Bankruptcy

 

[AzogtheDefiler]

GM went through bankruptcy.

It's Official: GM Files For Bankruptcy

Yes and kept its employees and the Govt converted their debt to equity. They went chapter 11 versus chapter 7. Big difference,
Dummy

 

[pknopp]

Yes and kept its employees and the Govt converted their debt to equity. They went chapter 11 versus chapter 7. Big difference,
Dummy

The arguments were there would be real bad fall outs if they had to go through bankruptcy period.

But again, none of this is capitalism. That is the point. You pretend to support it but then defend every government socialist business program to come down the line.

 

[AzogtheDefiler]

The arguments were there would be real bad fall outs if they had to go through bankruptcy period.

But again, none of this is capitalism. That is the point. You pretend to support it but then defend every government socialist business program to come down the line.

That is 100% capitalism. We have bankruptcy laws.
Not
My fault
You don’t know the difference between chapter 11 and chapter 7.

That investment by the Govt was quite lucrative.

 

[struth]

I want "shareholder value" removed from the equation.

Why? Why shouldn’t people come together and invest in developing a life saving drug and then if successful get paid?

 

[pknopp]

Why? Why shouldn’t people come together and invest in developing a life saving drug and then if successful get paid?

People shouldn't bank their vacation home on the back of denying people coverage.

 

[struth]

People shouldn't bank their vacation home on the back of denying people coverage.

So people shouldn’t sell insurance? You want to dismantle social security then as well?

 

[BULLDOG]

So you want price controls? Drug companies only have exclusivity to a drug for 7 yrs so they have to maximize their profits. They spend billions on R&D. What drug do you take that you can’t afford? How much is it?

Something doesn’t add up.

Not sure I want to list my prescriptions on the internet, but you can check for yourself. It's not unusual for a pharmacy bill to cost hundreds of dollars per month. You might note we are all paying for the research. Our tax dollars funded every new pharmaceutical in the last 10 years. Perhaps they should be required to sell at cost for 7 years.

US Tax Dollars Funded Every New Pharmaceutical in the Last Decade

Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019

www.ineteconomics.org

 

[AzogtheDefiler]

Not sure I want to list my prescriptions on the internet, but you can check for yourself. It's not unusual for a pharmacy bill to cost hundreds of dollars per month. You might note we are all paying for the research. Our tax dollars funded every new pharmaceutical in the last 10 years. Perhaps they should be required to sell at cost for 7 years.
View attachment 1053861

US Tax Dollars Funded Every New Pharmaceutical in the Last Decade

Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019

www.ineteconomics.org

Which meds? I do Not take any.