Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Papantonio: The Banks Are Still Winning
The big banks have only gotten bigger and more profitable since the crash of 2008. In fact, just last year America’s six largest financial institutions took in a whopping $74 billion…almost twenty billion more than they usually earn in their yearly windfall.
But despite all the evidence showing that it’s never been better to be a banker, a curious narrative has emerged in the mainstream media. According to that narrative, the big banks are actually losing. Right? And they’re losing because the Dodd-Frank act is supposedly working and forcing big banks to play by the rules.
Don’t believe it for a second.
America’s Lawyer, Mike Papantonio, discusses this with attorney Peter Mougey.
But despite all the evidence showing that it’s never been better to be a banker, a curious narrative has emerged in the mainstream media. According to that narrative, the big banks are actually losing. Right? And they’re losing because the Dodd-Frank act is supposedly working and forcing big banks to play by the rules.
Don’t believe it for a second.
America’s Lawyer, Mike Papantonio, discusses this with attorney Peter Mougey.
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
