View Poll Results: Should the US be funding the IMF?

Voters
33. You may not vote on this poll
  • Yes

    5 15.15%
  • No

    28 84.85%
Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 45

Thread: Should the Financially Strapped US Be Funding the IMF?

  1. #21
    Guru
    akyron's Avatar
    Join Date
    Nov 2004
    Location
    Plano
    Last Seen
    03-17-16 @ 02:46 PM
    Gender
    Lean
    Conservative
    Posts
    4,062

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by obvious Child View Post
    What bank have you heard of that makes routine $30 billion loans with much thinking? .


    The federal reserve made that in excess interest alone in 2005.
    https://itunes.apple.com/us/app/marvel-war-of-heroes/id536478373?mt=8
    iphone or ipad game

    Use Referral code bfg861256 for a free rare card.

  2. #22
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by Kandahar View Post
    That makes absolutely no sense. If profitable institutions never needed money, then venture capitalism wouldn't exist. The stock market wouldn't exist. Bank loans wouldn't exist. Etc, etc.
    Well, we've established your ignorance of corporate finance, at least.

    Institutions that are profitable rarely borrow money except on a short term basis to manage cash flows. When they do borrow, it's for business expansion--i.e., to ramp up a line of business that has yet to turn a profit.

    Ditto for raising capital via the stock market: the goal is to grow the business (or segment thereof) to a point of profitability.

    Profitable businesses that borrow lots of money generally don't remain profitable for very long.

  3. #23
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    Today @ 06:50 PM
    Gender
    Lean
    Libertarian
    Posts
    13,779

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by obvious Child View Post
    I swear, maybe 5 people here understand finance. And it's not the hard righties.

    Do you think they realize that profitable institutions are some of the biggest consumers of financing?
    I have not found a single lefty on this sight with a ****ing clue. ~wave

  4. #24
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by obvious Child View Post
    I swear, maybe 5 people here understand finance. And it's not the hard righties.

    Do you think they realize that profitable institutions are some of the biggest consumers of financing?
    I swear, maybe 5 people understand the differences among lines of credit, commercial paper, bonds, preferred stock, and common stock.

    Profitable businesses use financing for either short term cash management or long term business expansion.

    Non-profitable businesses use financing and venture capital to (hopefully) grow their business towards profitability.

  5. #25
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 10:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by akyron View Post
    The federal reserve made that in excess interest alone in 2005.
    Ah, the but the question is on private financing. The Federal Reserve for intensive purposes is the government. While it is financed outside of Congress, its members are approved by Congress and it is subject to Congressional oversight.

    Did Citibank make hundreds of double digit billion dollar loans without thinking much of it?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #26
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 06:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by celticlord View Post
    Well, we've established your ignorance of corporate finance, at least.

    Institutions that are profitable rarely borrow money except on a short term basis to manage cash flows.
    This is so unbelievably stupid I can't believe you actually said it right after calling ME ignorant. Businesses borrow money for all sorts of long-term projects ALL THE TIME.

    Quote Originally Posted by celticlord
    When they do borrow, it's for business expansion--i.e., to ramp up a line of business that has yet to turn a profit.
    That's exactly what the IMF is doing here. They're expanding their business (i.e. lending more money to nations with distressed currencies, since there are a lot more of them now).

    Quote Originally Posted by celticlord
    Ditto for raising capital via the stock market: the goal is to grow the business (or segment thereof) to a point of profitability.

    Profitable businesses that borrow lots of money generally don't remain profitable for very long.
    Can you please provide a few examples of well-known profitable businesses that don't have any long-term debt or outstanding stock? I'll settle for four.
    Last edited by Kandahar; 06-03-09 at 04:07 PM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  7. #27
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 10:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by celticlord View Post
    Well, we've established your ignorance of corporate finance, at least.

    Institutions that are profitable rarely borrow money except on a short term basis to manage cash flows. When they do borrow, it's for business expansion--i.e., to ramp up a line of business that has yet to turn a profit.
    Care to explain to me then why IBM, one of the most long term profitable companies in history has something like 10 billion dollars in debt since you think that institutions that are profitable rarely borrow money?

    Basic financial leverage. If you can earn 5% on borrowed money while paying 3%, you do it barring other circumstances.

    Ditto for raising capital via the stock market: the goal is to grow the business (or segment thereof) to a point of profitability.
    Um, stock market issuance are done for all kinds of reasons. Some is to raise capital, but the reason for capital raising is not just to grow the business. Financials are issuing stocks merely to shore up their loan loss allowances. That ain't profitability. That's survival. Some issue to dilute their stock values without using a split.

    Profitable businesses that borrow lots of money generally don't remain profitable for very long.
    Like IBM?

    Profitable businesses use financing for either short term cash management or long term business expansion.
    Tell me, raising capital to make more profitable loans is which?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #28
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 10:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by ARealConservative View Post
    I have not found a single lefty on this sight with a ****ing clue. ~wave
    To tell the truth, most people regardless of their slant here don't have a ****ing clue. My experience tells me, the more partisan you are, the more retarded you are.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #29
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 10:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by Kandahar View Post
    That's exactly what the IMF is doing here. They're expanding their business (i.e. lending more money to nations with distressed currencies, since there are a lot more of them now).
    What the IMF is doing is particularly evil right now. Because countries are distressed, they take out significant IMF loans. As country specific programs are still less than ideal, the one size fits all is still somewhat in effect. Thus, the IMF can squeeze more than normal to extract significant profits from these loans over the course of the loan.

    What I don't quite get is why certain people are complaining since what the IMF is, is really just a vanguard for Western business, breaking down the obstacles to entry and allowing US and European firms to enter markets formerly hostile to them. Bleeding heart liberals should be offended by this, but I'm not one of them.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #30
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Should the Financially Strapped US Be Funding the IMF?

    Quote Originally Posted by obvious Child View Post
    Did Citibank make hundreds of double digit billion dollar loans without thinking much of it?
    Isn't that why they are on government life support?

Page 3 of 5 FirstFirst 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •