Bernie in 2020

Status
Not open for further replies.

sts7049

Registered
Many of the banks did not need the TARP injection. They paid the money back before the ink was dry. Others sold shares and repurchased the warrants equally fast. This had a ballooning effect on the return calculation you speak of. On a risk adjusted basis, a concept which I don't expect anyone on this thread to understand, the return was far higher. But anyone in finance can argue with a straight face that the .6% figure is flawed, regardless of what wikipedia or the general press reported.
so the 15 billion you are claiming as a win is flawed?
 

sts7049

Registered
It was just announced that Bernie is now a millionaire. He has a net worth of over 7 figures. The champion of the downtrodden. LOL. Bernie promises to release his 2018 tax returns shortly. We will see just how much this champion of the people donated to charity. I'll bet anyone it was less than $5K.

Meanwhile, Donald Trump has never taken a dime in federal salary. He has donated his presidential compensation to reduction of the US debt.
LOL, reduction of US debt. 4 years of salary would pay what, 10 seconds worth of accrued interest? maybe?
 

camberiu

Registered
US debt is up $2 trillion since Trump entered office.
But in American politics, deficits and debt only matter when the other party is in power.
 

TheDonald

Registered
I was chatting with my economist friend about this thread. He said something interesting. "You mean expats in Buenos Aires, South America's second worst economy, are advocating socialism? Are they blind?"

It is a good question. We live here. We walk out our doors and see the poverty and the homelessness. We see the 40% inflation, the unemployment, the currency devaluations, the 60% interest rate on the Leliq, the world's biggest sovereign debt default, the daily protests, the corruption. I have been here 6 months. Not one single Argentine I have spoken with expresses satisfaction about the economy. This is all due to Argentina's strong historical socialist leanings.

Contrast that with the US, a capitalist country. The dollar is one of the strongest currencies in the world. Interest rates are the lowest in a generation. Inflation is negligible. Unemployment hovers around 3.5%. Growth is amazing for a huge economy. Auto sales have touched 17 million units 5 years in a row. $4 a gallon gas hasn't dented consumption. We can't even fight a decent trade war with China, because Americans have so much cash, they keep buying tons of Chinese goods. Capitalist America is thriving.

We expats in Argentina live a good life. We take our taxis, eat our steaks, hire our maids twice per week. Why? Because the dollar is strong against the Argentine peso. Currency exchange rates are the result of two countries, not one. Compare the trajectory of the Turkish lira to the Argentine peso if you want proof.

How can anyone who lives in Argentina, where the economic misery is so apparent, want to transport that socialist system to arguably the world's healthiest capitalist economy? Are you all blind?
 
I was chatting with my economist friend about this thread. He said something interesting. "You mean expats in Buenos Aires, South America's second worst economy, are advocating socialism? Are they blind?"
----snip---
How can anyone who lives in Argentina, where the economic misery is so apparent, want to transport that socialist system to arguably the world's healthiest capitalist economy? Are you all blind?
Mr Donald. Regardless of whether one agrees with you or not, you write a good argument; well observed or researched, clearly and cleverly expressed and always to the point, for which I thank you. So what's with the ad hominem attacks in so many of your previous posts? (Are you stupid? Can't you read? That sort of thing.) I know that here you are quoting your source when you say "Are you all blind?" at the end and it's probably one of the best things you've written: all the more so because you are not abusing your audience. More like this, please.
 

sts7049

Registered
Some people need to improve their reading comprehension. I never wrote that. I wrote that the .6% return stated by another poster is questionably calculated.
hahaha, i was the one who posted that, dude. the tone of your first post about tarp and the 15 billion was definitely as if that was supposed to be a solid win for the taxpayers.

in any case, i'm not advocating socialism. as best i can tell jan is the main bernie supporter here. i'm definitely not.
 

deadOA

Registered
Top 1 percent have greater wealth than the bottom 90 percent.
(Even though what we have is not really capitalism ... it is social corporate welfare).
I would certainly understand where you coming from if you are a member of that club and have few billions stashed somewhere.


We expats in Argentina live a good life. We take our taxis, eat our steaks, hire our maids twice per week. Why? Because the dollar is strong against the Argentine peso.
If anyone is in Argentina for this pity stuff, you certainly would fall in the 50% of Americans whose wages are below $30,000.
Nothing to brag about.
 
Last edited:
Status
Not open for further replies.
Top