banks

Brother, Can You Spare $91.44 Billion?

Wall Street got $91.44 billion in bonuses for 2013.  The 98% of us want those bonuses paid back to the victims of the financial crisis.  We're pretty sure $91.44 billion won't even start to compensate for the damage.  A magazine, How To Spend It, is devoted to helping the super rich spend their newly acquired wealth.  The magazine is a fine example of unbridled greed and conspicuous consumption.

TBTF Banks Get $83 Billion a Year Taxpayer Subsidy

Bloomberg delved deep and determined U.S. taxpayers are subsidizing the big banks to the tune of $83 billion a year.

What if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?