Quote Originally Posted by slavetopot
The savings-and-loan scandal of the late 1980s amounted to a $500 billion corporate-welfare bailout of failed savings and loans, which had engaged in risky, speculative, even criminal business activities. To encourage overseas investments in high-risk nations, corporations are able to purchase federally-backed insurance at below market rates. Tobacco companies and others seek to cap corporate liability costs related to harmful products, yet they continue to seek government subsidies to export the same products.
When it was all said and done, the resolution trust corporation lost $131 billion in taxpayer money. The alternative would have been thousands of bank failures across the US. If it is the poor you are concerned about, what kind of dent would this have put in the welfare system, as it is dependent upon tax revenue to fund welfare?

Such measures amount to a socialization of risk even as corporate profits stay privatized. If corporations were forced to pay back bailouts, buy insurance at market rates and accept full liability for their products, they might change their risky and destructive practices.
How many "savings banks" do you see anymore?

Once again we are looking at the wrong welfare system, you are going for the poorest part of society, because it is easier to blame someone that has no power. In fact focusing on the poor is exactly what they want, you are busy worrying about someone who gets $15 dollars of food stamps, and not even seeing the real problems, the ones that are making billions. Just I stated above, the federal government made the discovery for the new cancer drug, and instead of giving it freely to all in need, the big corporations take it and mark it up and make billions of dollars in profit off sick and dying folks.

I don't see how corporate welfare benefits any of us.
The issue is whether people who receive tax payer money should be using it to buy "vices", specifically illicit drugs and not whether corporations are greedy, swindling entities.

Also, do you have a credible link that confirms your stance that BMS received the rights for nothing?