Why Should Taxpayers Give Big Banks $83 Billion a Year?

Categorized | STOP FORECLOSURE FRAUD

Why Should Taxpayers Give Big Banks $83 Billion a Year?

Why Should Taxpayers Give Big Banks $83 Billion a Year?

AND why should the CEO’s continue to make multimillion salaries for destroying taxpayers? Buying $32 Million dollar mansions as a 3rd, 4th or 5th home… Getting a 73% pay raise …this is just ludicrous! YES, we probable paid for those too!

The truth is the banks are Broke, they’ve always ran Ponzi Schemes and those in DC are Corrupt to the Core.

In the meantime, regulators are having a hard time sleeping at night worrying that these banks might fail, so who is watching your back when you’re about to fail, about to become homeless/food-less/ill? You’re not a priority.

Bloomberg-

On television, in interviews and in meetings with investors, executives of the biggest U.S. banks — notably JPMorgan Chase & Co. Chief Executive Jamie Dimon — make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance.

So 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?

Granted, it’s a hard concept to swallow. It’s also crucial to understanding why the big banks present such a threat to the global economy.

[BLOOMBERG]

image: Bloomberg View

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8684 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives