http://slatest.slate.com/id/2277740/
Wall Street on Track for Second-Most Profitable Year Ever
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Exciting news from Wall Street! Thanks to low-interest rates and an influx of capital from the Fed’s emergency lending program and the Troubled Asset Relief Program, Bloomberg reports that 2010 is on track to be the second most-profitable year in Wall Street history. “Even if this quarter only matches the third, [Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley’s] revenue will top that of any year except 2009,” reporter Michael Moore writes. A third of the banks’ revenue comes from trading and investment banking, which were still flush with government money during the first quarter of 2010.
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So, they make out and the taxpayers get screwed?
What’s wrong with this picture?
New rule: “Publicize the losses and privatize the profits.”
We need a game changer. And, what was wrong with electing Ron Paul?
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Reinke Faces Life 