The Fed's 2011 profit of $77B was greater than the entirety of the U.S. financial industry for...

|By:, SA News Editor

The Fed's 2011 profit of $77B was greater than the entirety of the U.S. financial industry for the 4th straight year, "a triumph in a state-controlled economy. In America ... (a) cause for concern." With ROE in the low single digits, yes the banks are surviving, but it's "too low to justify lenders' existence."