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  • What's Wrong With The Record Banking Profits?

    New on post on Money Listings:

    Nearly five years since the US government had to bail out the banking system, the latter show an amazing recovery. The banks are not only standing on their feet, but they are actually touching the skies. Just look at the latest profits of Goldman Sachs, Citigroup, Wells Fargo and JPMorgan Chase: $1.9 billion, $4.2 billion, $5.5 billion and $6.5 billion, respectively.

    It is commonly thought that the banks success implies on a healthy economy, but is it really this way? Was the lessoned learned and the same old crash won't happen again because of the same old reasons?

    Aug 26 11:23 AM | Link | Comment!
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