"In the 1st quarter of this year the 8426 banks in the US generated $ 80 billion in pre-tax cash profit. That was the highest number that this industry has generated ever."
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"To get rich is glorious." -- Deng Xiaoping. This is perhaps the smartest thing ever uttered by a member of the Communist Party.
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I have a BA in International Affairs and MA in International Trade and Investment Policy. I live in Washington, DC and work for a Fortune Global 500 company as a public policy analyst.
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2 comments:
Colin,
Any idea if that figure accounts for the TARP cash-infusion?
Good question. Don't know.
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