Financial Reality Revisited Headline Animator


banks are looking crafty

It amazes me that this bailout of the banking system continues and the administration allows for CEO such from Citi and BOA to give irresponsible statement to the public regarding how profitable they have been during the first quarter. This is complete manipulation and it is how we got into the mess in the first place. People wrongly assumed that banks were being honest about their number and they bought the story. It appears that we are all buying it again as they pass out kool aid for wiling drinkers. The banks have soaked the tax payer for trillions of dollars and would have been bankrupt a few weeks ago if they had not gotten massive injections of capital from the government. In a miraculous turnaround a few weeks later they have become profitable companies?