More Than $100 Billion in Subsidies for Too Big to Fail Banks – Truthdig

See on Scoop.itOUR COMMON GROUND News Board •● ☥●• The Third Eye Parenthesis

A Bloomberg Markets magazine study estimates that dirt-cheap borrowing programs and other benefits have saved the nation’s six largest banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley—$102 billion…

OUR COMMON GROUND Omnibus‘s insight:

"Hilariously, big bank officials briefly considered pushing smaller community banks—which don’t enjoy the subsidy that the big banks get and are thus at a competitive disadvantage—to help them with the pushback, the WSJ reported. Wisely, they dropped the idea."

See on www.truthdig.com

What are your thoughts ?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s