if a worker is on their phone during a shift for 5 minutes it's time theft and unfair to the corporation because that's 60c of productivity lost. if a corporation systematically extracts maximum profit from a worker while paying them as little as possible, that's fine cause they took a risk or something
Unfortunately for the most part, capitalism is. The companies that do exploit their workers and their customers make more money, Corporations that make more money than their competition then get in positions to do shady shit to kill their competitors. In the end of course there's plenty of shitty jobs that treat their employees like garbage to jump between, and very few jobs that actually treat their workers like humans.
Except the banks payed it back. The US government profited about $15bn from the bailouts. Potentially a loss if considering inflation. Also banks were forced to take the bailouts to prevent a bank run. You would almost certainly have taken your money out of CITI bank if they were the only ones receiving a bailout from the government. Which would have cost the government more in the long term.
Large banks like JPMorgan and Goldman Sachs had already paid back the government bailout by July 2009.
We are considering inflation. Then add on risk adjustment, and we can see it for the corporate charity it is. If it was a good investment, then we wouldn't have been forced to make it. Yes there was enough private capital to cover these loans.
Them being "forced" to take loans is irrelevant because they're the ones buying policy, not us. One interest rate for them, another higher interest rate for them to charge you.
I'm so paranoid that I was scrolling and saw bank post, then another and another and immediately I was thinking there's some bullshit in the news I missed which some group was trying to steer conversation towards. Like how wallstreetsilver kept trying to manufacture a bank run. But no, it was Zoe 😆
Banks Suck. Toronto Dominion Bank screwed me over a few ways.. one was a line of credit with low interest rate, until I used it and they jacked rate up from 3% to 11%. Another I had a payment coming out that night, so I deposited money directly in the morning online. The recirds showed cash in, then latter.cash out with + balance. Next day they swapped the entry order and charged an NSF fee for when withdrawl came out first and left negative balance. I went right there and complained, they did not seem surprised and refunded me. But i closed every account, credit card, insurance, and RRSP I had with them. Now with a credit Union and it has been awesome.