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Why Should the Big Banks Get Free Money? | Tony Seruga
May
28

Why Should the Big Banks Get Free Money?

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If you stop and think for a minute about how banking actually works, you can’t help but conclude what an extraordinary business it really is and how lucky big banks like Bank of America, Wells Fargo and JPMorganChase are to be at the top of it.

In 2016, these three financial institutions together raked in $65 billion in net income, which is after paying out a total of $75 billion or so in compensation and benefits to their employees. This does not appear to be an industry suffering in the least…

Why Should the Big Banks Get Free Money?

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