JPMorgan $2.72 billion profit

**asianator365** · 07-16-09, 06:04 PM

Originally Posted by Consultant

Originally Posted by asianator365

Originally Posted by Consultant

These windfall profits must be taxed in addition to normal taxes. And their CEOs should be investigated, for they must be breaking some law.

Evil corporations.

I hope that was sarcastic.

It's like you don't even know me anymore......

You never know. Things change and I haven't spent enough time with you in-game to get to know you.

**rock_lobster** · 07-17-09, 12:37 AM

Originally Posted by Consultant

These windfall profits must be taxed in addition to normal taxes. And their CEOs should be investigated, for they must be breaking some law.

Evil corporations.

Big companies are evil....our government is basically taking them over...so does that make our government evil? :P

**SpecOpsScott** · 07-18-09, 08:17 PM

On a side note:

Originally Posted by triggerhappy2005

The same thing happened when gas hit $4 a gallon and everyone was talking about alternative energy and how we need it now. Once the price came back down, the sense of urgency faded as well. Shame.

I have to agree for the most part. But surprisingly, the company i work for has really jumped into selling energy conservation and green HVAC equipment as well as focusing on Kohler water saving faucets and fixtures (Kohler was last years Water Sense partner of the year).

We've out maneuvered our competition in energy recovery units (the FreeWatt system from Honda paired with a Utica HE Boiler), Solar and now a second hard look at Geothermal. I don't know if there is a link but, some of our manufacturers reps tell us, of all the HVAC wholesale houses in the northeast, we are the only one actually expanding our branches and showrooms.

Now we are not making record profits like the banks, the overall numbers are down from last year, but only by single digits, the competition cannot say the same. (Showrooms, the division i am in, is up 10%)

Just thought you might like to hear that Trigger.

**MotoZ** · 07-18-09, 09:15 PM

Originally Posted by Killing Hours

Originally Posted by triggerhappy2005

Originally Posted by w4jchosen

Originally Posted by triggerhappy2005

As long as they pay the taxes on that money, I see no problem whatsoever.

On a side note, Goldman Sachs also reported a record profit recently and announced they will be paying back the $10 billion in TARP funds they borrowed. Nice.

And the average pay for each GS employee this year will be in the very high 6 figure range.

http://247wallst.com/2009/07/02/conf...e-700000-each/

That's capitalism. You eat what you kill. Just pay those taxes.

Was it capitalism when we sent them their "kill"? Seems to me that they went hunting in the wrong place and bet their bottom dollars on those kills they were gonna get... but when that panned out and didn't produce the kills they were after... they had to have someone else float the bills so they could stay in biz. If it were "capitalism"... they would be gone now and a stronger company would replace them.

Capitalism:

–noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

Think you meant to say "socialism". ;-)

Socialism:

–noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

Procedure or Practice

Wouldn't that be like using the public funds to bailout a private company(s) for the good of the whole (collective) system?

Killing,

Who are "they", "them" and so forth?

You better start making sense or you will get beheaded and shit down your neck.