taxpayers

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?