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Tuesday, November 22, 2011

$$$ / Occupy Hooray for the Banks!

Posted by Paul Constant on Tue, Nov 22, 2011 at 3:29 PM

Reuters says we're in the money!

U.S. bank earnings reached a more than four-year high in the third quarter, but regulators are warning that the industry faces challenges that include the risk of the European debt crisis washing up on U.S. shores...On Tuesday, the FDIC released its latest quarterly report, which showed that the industry had earned $35.3 billion (22.6 billion pounds) in the third quarter, the most since the second quarter of 2007.

Well, we're not in the money, but, you know, it'll trickle down eventually, I'm sure. Just imagine how much money these banks would be making if they didn't have to deal with the government's skanky-ass regulations.

 

Comments (6) RSS

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1
There is something called the Bank Stress Test the results of which are due 9 JAN 2012. This cancelled the holiday break for most senior bankers and their staff.

Bank of America will also have to improve their balance sheet soon !
Posted by Rosy on November 22, 2011 at 3:36 PM · Report
2
Finally we all have something to be thankful for!
Posted by Totalitariland on November 22, 2011 at 3:51 PM · Report
3
Just imagine how much money --- everyone --- would be making if they didn't have to deal with the government's skanky-ass regulations.
Posted by D on November 22, 2011 at 4:40 PM · Report
4
Just imagine how much benzene there'd be in our drinking water if everyone didn't have to deal with the government's skanky-ass regulations...
Posted by Tommy on November 22, 2011 at 5:29 PM · Report
5
Here I sit with trickle-down all over my face.
Posted by reid.parham on November 22, 2011 at 6:09 PM · Report
6
Just imagine how much shorter life expectancies would be if everyone didn't have to deal with the government's skanky-ass regulations.
Posted by superb on November 22, 2011 at 8:05 PM · Report

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