Monday, May 17, 2010
The Daily Show - The Banking Perspective
Jon's perspective is always interesting (and entertaining). After the bank bailout that was needed to save the Bonuses of the big banks, I mean the economy, the banking system seems to have stabilized. After a couple of months of batting 1000, it would appear that the 'making-money-under-all-conditions' game has been set up to make sure that the opposing team cannot use bats. And it isn't like everyday the banks squeaked into the black ..... like in one case, $5M per Hour. And where do these profits come from - money that the Treasury gave to them from TARP, to trade treasuries to pay for the bailout .... simplified for sure but ... not untrue. Go ahead, take the money, the rest of us are going to start a nut-based economy - and pray that Wall Street is not populated by squirrels. View clip HERE
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