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closeupready

(29,503 posts)

3. Only in America, kiddies - only in America - do taxpayers subsidize 1% profits.

Reply to Tierra_y_Libertad (Reply #2)

Fri Nov 28, 2014, 03:56 PM

Nov 2014

In most of the intelligent world, bankers lose when they lose. Here in the US, bankers win when they win, and win when they lose. Nice work, if you can get it, as the Billie Holiday song went.

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Banks and hedge funds losing big time by the dropping oil prices. [View all] dixiegrrrrl Nov 2014 OP

Gee, I wonder who will end up paying for the losses? louis-t Nov 2014 #1

Will we need to bail them out? Poor dears. Tierra_y_Libertad Nov 2014 #2

Only in America, kiddies - only in America - do taxpayers subsidize 1% profits. closeupready Nov 2014 #3

Actually, their plan is for us to bail them in. dixiegrrrrl Nov 2014 #5

Oh, yes! I remember voting for that! Well.....maybe not. Tierra_y_Libertad Nov 2014 #6

For the new fellow in the game, oh well, for those who have been there for a few years guess they Thinkingabout Nov 2014 #4

Do I not understand loans? hughee99 Nov 2014 #7

Banks loan $$$ and then sell the debt. dixiegrrrrl Nov 2014 #8

So it's quite possible that the loan itself is actually paid back in full, and the bank still hughee99 Nov 2014 #9

If the bank gambled, via derivatives, on the health of the oil company dixiegrrrrl Nov 2014 #10

so we'll probably have another bailout to clear out the savings in gas prices eh? NMDemDist2 Nov 2014 #11

If they lose too much, they'll stop drilling new fracking wells for the foreseeable future NickB79 Nov 2014 #12

I've been hoping the safeinOhio Nov 2014 #13

They will, they have a lot of oil related investments. dixiegrrrrl Nov 2014 #14