| Baryonyx said: US is just as much in the shit as Japan.. the damn financial crisis took them all |
Like was said above, not so much. They all took a hit, and the US caused the rest of the world to go down, but while families and most individuals have not recovered, the US big companies did. Remember AIG who ended up needing 180+ billion $ from the US government for their bailout (insurance company that got involved in banking stuff)? Well they not only paid their loan off with interest, but are worth more now than ever before. Like double. So they are making record profits now, and GM, all the banks, etc, that all received bailouts, are all doing great now. Not that I agree with the bailouts, and AIG isa ctually suing the US government for 20+ billion $ because they had a much higher interest rate (because they were being by far the most sketchy out of all the bailout companies) and they want some of that back. Greedy sure, but they are still doing very well.
I'm pretty sure the US Government actually made money by the end of it all on all the bailouts due to the interest that was repaid.
Japan though.... they are still propping up their companies. And keep in mind, not all US banks and companies got a bailout that were in trouble. Many folded or got bought out and sold to other bigger banks. Washington Mutual got bought by Wachovia who then got bought by... Wells Fargo I think? Hard to keep track. However, we are in a global econom now, like it or not. Japan should have let companies do this a long time ago but they are driving many into the ground. South Korea has easily taken them over in innovation. Even though Sony came up with 4k (which is awesome), no matter which store I go into, they all say, buy a Samsung 4k, because they can beat Sony at their own game.
People can talk back and forth about who made money, who lost, etc (I remember midway through the PS2 lifecycle there was an article how their gaming division lost $2 billion, so who knows). But Microsoft with a years profits alone (around $20 bill cash), is more than Sony, the entire company, is worth. ($18 or so billion). Sony has lost 90% of their value in a decade. To be honest, they must be doing something wrong, because I don't know how Sony pictures was still losing money at the height of the popularity of Spiderman years back, makes no sense to me. Or how they lose money on TVs when other companies did just fine. Music industry is hell, and missed the boat, so I can understand that hurting them, but they should still make WAY more than the artists given then deals and how other companies and private labels have done it.
They have turrible (C Barkley) management and just don't seem to know what to do at all. By time I got into the stock market, Sony was already on its way down, so I never invested in them, but I do follow them and it is just sad =/.
BOOM! FACE KICK!
