[quote=Arraya]
“Is this $3 billion profit before or after you account for the $25 billion in bailout money. Revenue is $20 billion, we gave them $25 billion, that’s a net of -$5 billion. Where’s the $3 billion in profit coming from?”
[/quote]
I gotta know, arraya. Considering how much pseudo-economic gibberish you spout (or post from other websites) here, how can you not know the difference between an income statement and a balance sheet? And the fact that you don’t know the difference between the two begs a question: How do you understand anything that you read related to finance? Virtually every economist and financial commentator has a decent – albeit not technical – understanding of accounting. Debits on the left, credits on the right, how the income statement, balance sheet and cash flow statement fit together, that sort of thing. If you have no understanding of accounting… how do you know which end is up where finance is concerned? Actually, that’s a rhetorical question. I think we both know the answer.
It’s like you want to have an intelligent discussion about math, but you think 2+2=173. I don’t get it.
