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

[Toddsterpatriot]

It's kinda like multiplying the price of bottled water after a natural disaster. Unfair and unethical.

Why? It's supply and demand.
Higher prices make sure it goes to the person with the greatest need.

 

[Toddsterpatriot]

Only if you have less than $967 per month income including retirement and social security. Instead of trying to find ways for the government to pay massively high medical bills, we should limit the uncalled for, outrageous profit that drug companies exact on those who have no choice but to purchase their product.

we should limit the uncalled for, outrageous profit

What is the definition of "uncalled for outrageous profit"?

Does it vary if a drug costs, on average, $1.3 billion to develop?

 

[BULLDOG]

Why? It's supply and demand.
Higher prices make sure it goes to the person with the greatest need.

That's why I could never be a MAGA/REPUBLICAN.

 

[Toddsterpatriot]

Lie. I'm done. I can not discuss anything with those who so freely lie.

Final tally: Taxpayers auto bailout loss $9.3B

We lost on the auto bailouts because Obama was paying off the unions.

The bank portion of TARP was highly profitable and saved the banking system.

 

[Toddsterpatriot]

That's why I could never be a MAGA/REPUBLICAN.

Because your feelings can't repeal economics.

 

[BULLDOG]

Because your feelings can't repeal economics.

I don't idolize greed.

 

[Toddsterpatriot]

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

Sadly, after selling the stock, the US Treasury lost on the auto portion of TARP.

Bailout Tracker

ProPublica is still tracking where every dollar of taxpayer money from the 2008 bailout of the financial system has gone. See for yourself.

projects.propublica.org

 

[Toddsterpatriot]

I don't idolize greed.

And you don't understand reality.

 

[pknopp]

We lost on the auto bailouts because Obama was paying off the unions.

No doubt but we still lost.

The bank portion of TARP was highly profitable and saved the banking system.

We lost on Tarp also. Do I need to do this all again?

Again, all the same it is NOT Capitalism. In Capitalism if a bank makes bad loans and loses money, what is supposed to happen?

 

[Toddsterpatriot]

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..............

In Capitalism if you fail, you go out of business.

Absolutely. Corporations with a bad business model should fail.

During a panic, the lender of last resort should step in to support the system.
Not lending to the banks would have caused much greater losses to the banks,
to the depositors and to the government.

 

[pknopp]

In Capitalism if you fail, you go out of business.

Absolutely. Corporations with a bad business model should fail.

During a panic, the lender of last resort should step in to support the system.
Not lending to the banks would have caused much greater losses to the banks,
to the depositors and to the government.

That's capitalism. Why is this such a difficult concept?

 

[Toddsterpatriot]

No doubt but we still lost.




We lost on Tarp also. Do I need to do this all again?

Again, all the same it is NOT Capitalism. In Capitalism if a bank makes bad loans and loses money, what is supposed to happen?

Bank TARP was profitable.

In Capitalism if a bank makes bad loans and loses money, what is supposed to happen?

If the liabilities are more than the assets, the bank should be liquidated or sold.

 

[Toddsterpatriot]

That's capitalism. Why is this such a difficult concept?

Capitalism isn't a difficult concept.

 

[pknopp]

Bank TARP was profitable.

In Capitalism if a bank makes bad loans and loses money, what is supposed to happen?

If the liabilities are more than the assets, the bank should be liquidated or sold.

But it wasn't. The taxpayers were put on the hook for the losses.

After TARP, HARP was created. No requirement for it to be paid back. It was supposed to be used by the banks to help homeowners keep their homes.

It was not but in very limited cases. Banks took those billions and "paid back" TARP. One huge scam foisted upon the taxpayers.

We lost billions. Banks rolled in the money. That's American Capitalism.

 

[pknopp]

Capitalism isn't a difficult concept.

Seems to be for the "Capitalists". Every time they run into problems it's run to the taxpayers to bail them out.

 

[AzogtheDefiler]

Sadly, after selling the stock, the US Treasury lost on the auto portion of TARP.

View attachment 1053879

Bailout Tracker

ProPublica is still tracking where every dollar of taxpayer money from the 2008 bailout of the financial system has gone. See for yourself.

projects.propublica.org

Does this include the debt to equity conversions?

 

[Toddsterpatriot]

But it wasn't. The taxpayers were put on the hook for the losses.

After TARP, HARP was created. No requirement for it to be paid back. It was supposed to be used by the banks to help homeowners keep their homes.

It was not but in very limited cases. Banks took those billions and "paid back" TARP. One huge scam foisted upon the taxpayers.

We lost billions. Banks rolled in the money. That's American Capitalism.

But it wasn't. The taxpayers were put on the hook for the losses.

But it was profitable.

After TARP, HARP was created.

Loans to banks were repaid, at a profit.
Handouts to homeowners were handouts.

Banks took those billions and "paid back" TARP.

TARP wasn't paid back with money from HARP.

We lost billions. Banks rolled in the money.

TARP loans made billions. Stopping the banking system from failing saved depositors
and the government trillions.

Profitable banks pay billions in taxes.

 

[AzogtheDefiler]

Does this include the debt to equity conversions?

pknopp laughs since he is an idiot. If GM owes me $1bil and that debt converts to equity then I can slowly cash out that stock. GM is still a viable and publicly traded company. I do not see how the Govt lost anything. pknopp you don’t understand basic economics and finance.

 

[Toddsterpatriot]

Does this include the debt to equity conversions?

It includes all the sales of stock.

 

[Toddsterpatriot]

Seems to be for the "Capitalists". Every time they run into problems it's run to the taxpayers to bail them out.

During a panic, the lender of last resort should lend.
Even if it makes you sad.