ST Alpha - "your point only holds if the amount given to the banks by the government is less than their overall corporate income tax liability in a given year" (Reading a Post)

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your point only holds if the amount given to the banks by the government is less than their overall corporate income tax liability in a given year

Posted by znufrii Feb 10 '09, 12:43

since they've been hemorhaging cash for the last 18 months, I doubt that their tax liability was anywhere near what they've received.

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