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Why Should Taxpayers Give Big Banks $83 Billion a Year?
#1
Quote: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.

http://www.bloomberg.com/news/2013-02-20...year-.html
It's the "BILL OF RIGHTS" not the bill of "needs"
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#2
Answer to subject....they shouldn't.
Vampire pig man since September 2012
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#3
Because we are stupid.
When all around you is falling apart, grab another beer and smile.
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#4
Because they are elite. They deserve to reap the rewards of being in the top tier of society. How is a banker supposed to have a house in CT, and apt in Manhatten, a BMW, and a Range Rover for his wife on 250,000/year. Of course they need taxpayer help and we should be glad to give it. Common working class folks need to realize that there are people in this country who are simply better than they are and deserve more.
Deal_me_in, proud to be a member of pa2a.org since Sep 2012.
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