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Mcdonalds Bailed out by the US Federal Reserve Bank Watch

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    http://www.vegsource.com/news/2010/1...out-money.html

    socialism for the rich, capitalism for the poor.
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    I would guess atleast 500,000 people in the US and UK work in some way for mcdonalds - this will euqate to more than that payed out in taxes, so I have no complaints.
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    (Original post by Duncan Idaho)
    http://www.vegsource.com/news/2010/1...out-money.html

    socialism for the rich, capitalism for the poor.
    So it wasn't bailed out, it got bail out money.

    Rich people eat at McDonalds?
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    I am a bit surprised this hasn't been more widely mentioned :confused:
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    The devil keeps his own. You know what I mean?
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    Well...they sure don't want another Prohibition Era.
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    (Original post by sandys1000)
    I am a bit surprised this hasn't been more widely mentioned :confused:
    why are you surprised?

    do they really want to inform everyone about the culture of corporate welfare dependency?
    this is not the only corporation that received bail out money, many others did too.
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    i imagine this is complete rubbish - the profit margins at McDonalds are huge
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    (Original post by Duncan Idaho)
    why are you surprised?

    do they really want to inform everyone about the culture of corporate welfare dependency?
    this is not the only corporation that received bail out money, many others did too.
    With McDonalds being such a high-profile company internationally, this is quite hard to ignore.
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    (Original post by joebro)
    i imagine this is complete rubbish - the profit margins at McDonalds are huge
    'Bailout' is a bit much - but it's still significant

    http://www.nytimes.com/2010/12/02/bu...er=rss&emc=rss
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    Goldman Sachs would have failed without help from the fed
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    what *******s. bailouts only reward poor corporate management, and only should be used if it's in the national interest.

    And 500,000 jobs, that's small fry in US terms.
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    (Original post by Duncan Idaho)
    why are you surprised?

    do they really want to inform everyone about the culture of corporate welfare dependency?
    this is not the only corporation that received bail out money, many others did too.
    Well done Sherlock. Your powers of perception astound me.

    Maybe if you were not so stupid you would realise what would happen were these companies to collapse
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    hahahahahahhaaha at all the socialist bell ends in here. Just because you want an increase in state benefits...
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    (Original post by rajandkwameali)
    what *******s. bailouts only reward poor corporate management, and only should be used if it's in the national interest.

    And 500,000 jobs, that's small fry in US terms.
    http://www.chacha.com/question/how-m...-united-states

    $125 per employee to keep the business running. If only we could pay that for every unemployed person in the world, we'd be onto a massive win. Plus it's kinda time they got some of the billions upon billions they've paid in taxes back, I doubt this amounts to 0.1% - and they have to pay it back. Idiots these days are looking for anything to get charged up over. Think about it logically if you can, it would have cost the US that in welfare for these people in under 2 weeks. It's not like they are going to get picked up by head hunters from KFC or something LOL.
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    (Original post by Duncan Idaho)
    http://www.vegsource.com/news/2010/1...out-money.html

    socialism for the rich, capitalism for the poor.
    *******s it would have had far more coverage.
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    (Original post by Duncan Idaho)
    socialism for the rich, capitalism for the poor.
    you're joking, right?
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    I believe that McDonalds hold a not-insignificant proportion of the employment in the UK, and they have a big presence in our economy. Plus, they're a cultural icon for the West. Bailing them out is a good idea.
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    (Original post by Don John)
    I believe that McDonalds hold a not-insignificant proportion of the employment in the UK, and they have a big presence in our economy. Plus, they're a cultural icon for the West. Bailing them out is a good idea.
    Bailing them out was wrong. They screwed up and should have been allowed to fail. A better fast food retailer would have taken their place.
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    (Original post by Maker)
    Bailing them out was wrong. They screwed up and should have been allowed to fail. A better fast food retailer would have taken their place.
    But then thousands of people would lose jobs, and share prices in the FTSE would crumble.
 
 
 
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