Gondwanaland
Verified User
There is one Federal Reserve Bank. It has twelve branches. You sounds like the kind of dumbass who would tell me that there are 4000 Bank Of Americas because they have 4000 locations and branches.
Americans who worked hard to pay off student loans react to Biden's massive college d
- Thread starter ExpressLane
- Start date
There is one Federal Reserve Bank. It has twelve branches. You sounds like the kind of dumbass who would tell me that there are 4000 Bank Of Americas because they have 4000 locations and branches.
floridafan
Verified User
Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.
Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found. In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.
PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.
Why the discrepancy? Perhaps this will give us an idea: Trump told Washington Post reporters that he counted the first three bankruptcies as just one.
The president creates and submits the budget, Congress just approves his recommendations. Trump certainly bragged about all the spending programs he "passed."(and some he did not). Those programs would never have been passed without the president submitting them in the budget.
Some of Trump's spending was not even approved by Congress. He signed an executive order to add $400 to unemployment benefits (2020).
See Budget and Accounting Act of 1921.
Kind of like how poor renters who can only afford late model cars are now subsidizing Tesla purchases and solar shingles for the top 10% who own their own homes.
Retarded faggot, those are all subsidiaries of a larger conglomerate that never went bankrupt and which is made up of hundreds of such subsidiaries.
floridafan
Verified User
A bankruptcy is a bankruptcy and trump filed for 6 of them.
ExpressLane
Verified User
I paid for my education, part of my wife's education, my son's education, my niece's education, and my nephew's education. Now I get to help pay for a bunch of other peoples kid's education. That does not seem fair to me.
ExpressLane
Verified User
ExpressLane
Verified User
NEWS FLASH he did what Congress made legal.
trump did what he got away with. It is a crime to use a bankruptcy to hollow out a company, but the law is not really enforced anymore. Investors would rather get some of their money back, then to see trump go to prison for stealing the money.
ExpressLane
Verified User
Can you prove Trump broke the law?
There are 12 Federal Reserve Banks that act on one monetary policy, but are technically separate banks, with separate reserves. Some of these banks have branches, so the Federal Reserve Bank of San Francisco has a Los Angeles branch.
ExpressLane
Verified User
Show me where they are referred to as the Federal Reserves.
Ford has 8 assembly plants in the US . We don't call Ford the Fords And the Federal Reserve is never referred to as the feds. Man you guys are dumb.
PostmodernProphet
fully immersed in faith..
at first, I thought people like you that never went to college would be unhappy about this........but then I realized, you don't pay any income taxes anyway......
Wow, that is amazing. You paid for your education even though it started when you were 5 or 6 years old. How did you earn money at 5 years old? More strange, you claim you were married at 5, and able to pay for a wife's education. We might be crossing into 12b territory, so I will just say I do not believe you.
I believe you either got a public education paid for by the taxpayers, or less likely got a private education paid for by your family. You may have paid for some later education, but the majority of your education was not paid for by you.
There are no "self-made men" just some assholes who refuse to be grateful for what society gave them, and are trying to get out of paying society back.
Biden is trying to buy young voters with this pathetic loan forgiveness gesture. It's all about votes, pure and simple. Just like his dereliction of duty to protect our borders, illegals get a free pass, free healthcare, free food, free housing and a (democrat) voter registration form. The son-of-a-bitch should be impeached.
https://www.federalreserve.gov/aboutthefed/directors/about.htm
https://www.newyorkfed.org/
https://www.frbsf.org/
https://www.federalreserve.gov/aboutthefed/federal-reserve-system-san-francisco.htm
Companies are broken separated into different legal entities all the time. They are generally not separated based on different plants. So there are five big subsidiaries of Ford.
1) Ford Motor Credit Company, LLC (which has a subsidiary of its own called FCE Bank plc)
2) Changan Ford Automobile Corporation, Ltd.
3) AutoAlliance (Thailand) Co., Ltd.
4) Getrag Ford Transmissions GmbH
5) Ford Motor Land Development Corporation
https://www.investopedia.com/articles/markets/101315/top-5-companies-owned-ford.asp
The Federal Reserve System(singular) is made up of banks(plural), so we could refer to the Fed(singular), or the Fed banks(plural).
It really is not that complex.