Showing posts with label Bank Bailout. Show all posts
Showing posts with label Bank Bailout. Show all posts

Wednesday, May 1, 2013

Banks on the Run and the Homeowners Underwater | Common Dreams

Banks on the Run and the Homeowners Underwater | Common Dreams
"Wells Fargo made $19 billion in profits last year and record profits last quarter. None of this would have been possible without the bank bailout and continued borrowing of taxpayer money at zero percent interest from the Federal Reserve (which Wells Fargo and the other big banks then turn around and loan to state and local governments at much higher rates)."

Monday, February 25, 2013

Bank Profits Are 'Almost Entirely' Taxpayer Money

Bank Profits Are 'Almost Entirely' Taxpayer Money
"I'm not surprised to learn that Wall Street and their wealthy investors are "too big" to earn their own profits, too. I just had no idea we were being fleeced on such a grand scale.
Full Bloomberg editorial here."