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Distributions of wealth in this country

Kreton said:
There is almost nothing response that is actually a fact. "wall street" does not pay negative taxes. The working class has never bailed out wall street for 700 billion. Do not rely on facebook memes for information. They aren't as reliable as you might think they are.
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I do not read facebook, but It looks like you must. 100s of journalists research please read

From you favorite entertainment site:
Federal Government to Loan Automakers $17.4B
https://www.foxnews.com/politics/federal-government-to-loan-automakers-17-4b

Watchdog: Bank Bailouts Created More Risk in System
https://www.foxnews.com/politics/watchdog-bank-bailouts-created-more-risk-in-system

Journalism sites:
Historic Bailout Passes As Economy Slips Further
https://www.wsj.com/articles/SB122304922742602533

The Real Cost of the 2008 Financial Crisis
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis

The Big Bank Bailout
https://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#40ed783c2d83

4 Examples Of Corporate Welfare In Action
https://www.taxpayer.net/budget-appropriations-tax/4-examples-of-corporate-welfare-in-action/
 
jbander said:
yes it does. They can take over industries by being able to undercut world prices with gov support. Till the point that they hold the market, example China's solar industry.
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So much for capitalism being the only system that works.
 
Bullseye said:
Not me having problems reading. Or having a life. I think I've already covered that they don't lend EVERY FRIGGIN' PENNY of their deposits, and included a link and quote to a piece that explains that. Probably more than ONCE.
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They don't lend ANY FRIGGIN' PENNY. Lending out deposits would mean that they limit what they can lend. That's stupid. When you get a loan from a bank, do you get that in cash? No, it shows up in a bank account. It's an accounting entry.
 
phattonez said:
They don't lend ANY FRIGGIN' PENNY. Lending out deposits would mean that they limit what they can lend. That's stupid. When you get a loan from a bank, do you get that in cash? No, it shows up in a bank account. It's an accounting entry.
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LOL, I've posted several explanations that clearly explain that banks do indeed use money from deposits (no all of it JBander) to fund loans.
 
Bullseye said:
LOL, I've posted several explanations that clearly explain that banks do indeed use money from deposits (no all of it JBander) to fund loans.
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Buddy you have no idea what your talking about. Whatever deposits they have they have to keep to secure their loans. Everyone is telling you the same thing but your going to sit in front of a whole group of people who know about this and your trying to what, bull**** your way through this. .You can't. You could put 100 fake pages that are cons or simply pages that you have no idea what they are saying . It doesn't matter your still totally wrong.
 
phattonez said:
So much for capitalism being the only system that works.
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everything else is worse, maybe you could give us a example of one you think is better.
 
Bullseye said:
Not me having problems reading. Or having a life. I think I've already covered that they don't lend EVERY FRIGGIN' PENNY of their deposits, and included a link and quote to a piece that explains that. Probably more than ONCE.
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They lend non of it hot shot, since they only need to hold 3 % of the total that they can lend, this is my last shot from now on we will just make fun of you if you have to continue to argue. I'll do it in a 3rd grade level. if they get 3 dollars in deposits the then can lend out 100 dollars. if they were to use one dollar of that deposit making it 2 dollars deposited, they could only lend 66 dollars then. No more hand holding if you don't get it to bad.
 
Bullseye said:
Not me having problems reading. Or having a life. I think I've already covered that they don't lend EVERY FRIGGIN' PENNY of their deposits, and included a link and quote to a piece that explains that. Probably more than ONCE.
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1 million misinterpretations or 1 million propaganda still doesn't change the truth.
 
jbander said:
1 million misinterpretations or 1 million propaganda still doesn't change the truth.
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Yeah, experts are wrong, JBander knows all. :roll:
 
jbander said:
They lend non of it hot shot, since they only need to hold 3 % of the total that they can lend, this is my last shot from now on we will just make fun of you if you have to continue to argue. I'll do it in a 3rd grade level. if they get 3 dollars in deposits the then can lend out 100 dollars. if they were to use one dollar of that deposit making it 2 dollars deposited, they could only lend 66 dollars then. No more hand holding if you don't get it to bad.
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IF you're so damn smart why can't you grasp you're saying exactly the same thing I've been saying all along.
 
phattonez said:
That's an improvement over our current system.

Sent from my phone. Instaurare omnia in Christo.
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But would any politicians get elected campaigning on making such a change?
 
Bullseye said:
LOL, I've posted several explanations that clearly explain that banks do indeed use money from deposits (no all of it JBander) to fund loans.
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Banks do often suggest you use a bank check in lieu of cash when making large withdrawals, and would likely prefer you deposit their own bank checks in another bank rather than exchange them for cash. I always refuse their offer as I find I can use real dollars more effectively in bargaining. Perhaps only because it eliminates a record of a transaction that could be used in the case of a tax audit?
 
Sand Castle said:
I do not read facebook, but It looks like you must. 100s of journalists research please read

From you favorite entertainment site:
Federal Government to Loan Automakers $17.4B
https://www.foxnews.com/politics/federal-government-to-loan-automakers-17-4b

Watchdog: Bank Bailouts Created More Risk in System
https://www.foxnews.com/politics/watchdog-bank-bailouts-created-more-risk-in-system

Journalism sites:
Historic Bailout Passes As Economy Slips Further
https://www.wsj.com/articles/SB122304922742602533

The Real Cost of the 2008 Financial Crisis
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis

The Big Bank Bailout
https://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#40ed783c2d83

4 Examples Of Corporate Welfare In Action
https://www.taxpayer.net/budget-appropriations-tax/4-examples-of-corporate-welfare-in-action/
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So you think wallstreet is a group of automakers? Seriously though - not one of those links even begins to support your made up argument you posted previously. You seem to have the belief that if you post a link stating that any bail out happened that wall street specifically was bailed out with $700 billion dollars of tax money specifically derived from the working class. You also somehow seem to believe that a street in NY, or the NYSE has somehow paid negative taxes and banks and auto makers receiving a bailout somehow proves that. I don't follow your logic.
 
Bullseye said:
IF you're so damn smart why can't you grasp you're saying exactly the same thing I've been saying all along.
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There is no mystery in that, I'm saying the exact opposite of you, you say they lend out the deposit, something they can't do and I say they keep their deposits to secure the loans they give to others. Absolutely not the same.
 
Bullseye said:
LOL, I've posted several explanations that clearly explain that banks do indeed use money from deposits (no all of it JBander) to fund loans.
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Just answer the simple question, then. Do you get cash when you get a loan? No, it just shows up as a deposit in your account.

Let's say we had a tiny bank with one depositor with $1000. The bank then loans me $1000. If we both withdraw our $1000 from the bank, what happens?
 
jbander said:
everything else is worse, maybe you could give us a example of one you think is better.
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I'm for free markets. I'm not for unregulated corporations undercutting wages with foreign labor, I'm not for fractional reserve banking, and I'm not for a debt based currency.
 
phattonez said:
Just answer the simple question, then. Do you get cash when you get a loan? No, it just shows up as a deposit in your account.
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Yep, and is removed from the lender's account, but the loan is recorded as an asset to the bank. Then as I repay the loan my principal and interest are credited to the lender's account.


Let's say we had a tiny bank with one depositor with $1000. The bank then loans me $1000. If we both withdraw our $1000 from the bank, what happens?[/QUOTE]Ridiculous analogies don't change the facts I've presented several times above.

I don't know how many more ways I can demonstrate what I am saying is correct.
 
Bullseye said:
Ridiculous analogies don't change the facts I've presented several times above.

I don't know how many more ways I can demonstrate what I am saying is correct.
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This isn't an argument. What happens if both the depositor and the person receiving the loan try to claim their money? They can't both claim it. Of the $2000 only $1000 is real. The other $1000 is an accounting entry. It's not real.
 
phattonez said:
This isn't an argument. What happens if both the depositor and the person receiving the loan try to claim their money? They can't both claim it. Of the $2000 only $1000 is real. The other $1000 is an accounting entry. It's not real.
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Banks typically have assets in the millions of dollars, not $1000. Your scenario in ludicrous.
 
Bullseye said:
Banks typically have assets in the millions of dollars, not $1000. Your scenario in ludicrous.
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And what happens if everyone tries to withdraw at the same time? What does FDIC exist for? What is a bank run?
 
phattonez said:
And what happens if everyone tries to withdraw at the same time? What does FDIC exist for? What is a bank run?
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What does any of that have to do with whether banks use deposits to make loans?
 
phattonez said:
I'm for free markets. I'm not for unregulated corporations undercutting wages with foreign labor, I'm not for fractional reserve banking, and I'm not for a debt based currency.
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Boy do you have me lost, that is capitalism, all you listed can exist in a capitalistic economy. Or not ,none of them is a criteria for capitalism.
 
Bullseye said:
Yep, and is removed from the lender's account, but the loan is recorded as an asset to the bank. Then as I repay the loan my principal and interest are credited to the lender's account.


Let's say we had a tiny bank with one depositor with $1000. The bank then loans me $1000. If we both withdraw our $1000 from the bank, what happens?
Click to expand...
Ridiculous analogies don't change the facts I've presented several times above.

I don't know how many more ways I can demonstrate what I am saying is correct.[/QUOTE]Give it up , your turning into a nothing put a cartoon character to laugh at.
 
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