After seven years of benefiting from the greatest transfer of wealth in history, the U.S. banking industry topped it off with record profits in 2015. The Great Fleecing may have reached its height just as the scheme known as Quantitative Easing ran out of gas.
The U.S. banking industry earned net income of $163.63 billion in 2015, the highest net income of any year in the SNL bank regulatory database, which dates back to 1991…
The largest four banks, JPMorgan Chase Bank NA, Bank of America NA, Wells Fargo Bank NA and Citibank NA together earned 42.7% of the industry’s income in 2015.
Gary Edwards on 12 Mar 09Remember that controversial SNL sketch where Golden West's Herb and Marion Sandler were described as People Who Should Be Shot? NBC actually took it off the internet, prompting howls from Republicans who saw the media gagging a sketch that succesfully tied Democrats to Big Mortgage. Anyway, an edited version has back up on Hulu for awhile, but our friends at Guest of a Guest have obtained an edited version, replete with the People Who Should Be Shot descriptor. Oh if only this unedited version had become re-available before the election! November 6th, 2008
