Economics @ ITT

US Banks Post $37.6B in Third-Quarter Profits

Posted in economics, Policy Issues by ittecon on December 5, 2012

The massive bailout is not over. If I had access to funds near 0% and know that I am TBTF, I might be earning near record profits, too.

Four years after a massive federal bailout, banks are recording near-record profits — a development welcomed by regulators but met with fresh demands by critics that the financial firms do more to benefit mainstream America.

via U.S. banks post $37.6 billion in third-quarter profits – latimes.com.

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