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Forum Post: Banks Bigger and More Powerful Since 08

Posted 1 year ago on Oct. 14, 2012, 5:48 p.m. EST by hchc (3297) from Tampa, FL
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Things have only gotten more out of control. JP Morgan is posting record profits, and the cartel is drowning out the competition with over 400 banks closing. To top things off, there have been 0 new bank applications this year.

Less choices, with the big 6 getting more powerful. This is the exact opposite of reform. And its a definite sign that things are much worse and the next "recession" will be much worse.

http://investmentwatchblog.com/wsj-0-no-of-new-bank-applications-to-fdic-this-year-small-banks-are-dying-and-how-big-banks-orchestrated-their-demise/

http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)

http://www.businessweek.com/ap/2012-10-12/jpmorgan-turns-in-record-profit-higher-revenue

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5 Comments


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[-] 1 points by hchc (3297) from Tampa, FL 1 year ago

Exxon reported the biggest quarterly profit ever for a US corporation this year. Unreal. On the brink of financial disaster, and these corporations are posting RECORD profits. And the people just keep doing the same thing over and over and over again...

http://money.cnn.com/2012/07/26/news/companies/exxon-profit/index.htm

[-] 1 points by hchc (3297) from Tampa, FL 1 year ago

Samsung reporting record profits due to child labor. Good thing Dems and Reps decided we should be trading with them. Class move as usual...

http://www.patentlyapple.com/patently-apple/2012/10/samsung-enjoys-record-profits-while-employing-child-labor.html

[-] 1 points by hchc (3297) from Tampa, FL 1 year ago
[-] 0 points by Tanakasan (-7) 1 year ago

Isn''t that what they are suppose to do?

[-] 1 points by hchc (3297) from Tampa, FL 1 year ago

Over 90% of Goldman Sachs lobbyists have held gov positions, with the split around 50/50 between Dems and Reps.

But lets keep pretending they are going to straighten up some day, especially when every election we bow down to them.

http://www.opensecrets.org/lobby/clientlbs.php?id=D000000085&year=