Socialists socialize the losses while capitalists keep the profits

K

KINGOFSHORTS

My brothers wife works at Chase. And I got some interesting scoop, the banks are gonna increase interest rates and fees to cover this new obama bank tax. They had some discussions about this.



So instead of obama taxing the bonuses of the big dawgs who worked in tarp recipient institutions 50% like the UK did. Obama chose to steathly, socialises losses again and privatize gains one more time.

Taxing the bonuses would make it difficult for banks to pass that down since it is an individual special assessment. It hurts the big fat lobbyists


By doing this special bank tax to "Stick it to the big banks and make the idiot voters happy and feel like he is working for them and not lobbiests" he creates a stealth tax that lets banks pass this tax to the americans via fees or extra interest yet privatize the gains via fat bonuses that were generated thanks to tarp.

It is a three card monty game.


http://en.wikipedia.org/wiki/Lemon_socialism

Robert Bernard Reich"We have Socialism for the Rich, and Capitalism for everyone else."
 
you don't need to know anyone to understand that when the cost of doing business increases, the cost of goods/services increase.
 
Quote from krazykarl:

you don't need to know anyone to understand that when the cost of doing business increases, the cost of goods/services increase.
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I heard that people like you exist, You like getting ass pummeled

anyone can read your history, you are a village idiot
 
In United Socialist of America, Debt owns YOU!
Stalin must be cursing in his grave, why was he born 100 years too early; if only he was an American. :p
 
Quote from mikasa:

I heard that people like you exist, You like getting ass pummeled

anyone can read your history, you are a village idiot
More...

What did krazykarl say in his post that wasn't correct?
 
Quote from MohdSalleh:

it is really incredible that one president can destroy the entire american economy
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+1 +1 +1 +1


But also bear in mind that he is aided and abetted by an out-of-control Democratic Congress and Senate - everyone seems to forget that B. Frank & C. Dodd have been in control of the 2 most powerful banking commitees for years.
 
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