Just in case you hear some fool telling you how the big banks are now turning profits.
Bank Profits Appear Out of Thin Air
This is starting to feel like amateur hour for aspiring magicians.
Another day, another attempt by a Wall Street bank to pull a bunny out of the hat, showing off an earnings report that it hopes will elicit oohs and aahs from the market. Goldman Sachs, JPMorgan Chase, Citigroup and, on Monday, Bank of America all tried to wow their audiences with what appeared to be — presto! — better-than-expected numbers.
1 comment:
you know what they say:
"a person is smart; but *people* are dumb, panicky, dangerous animals, and you know it." the only reason that they can continue to live their little lives, even though just beyond the horizon lies the next bank failure, stock market crash, or falsified corporate report, "... is that they *don't know about it*"
where would we be without our men in black?
sincerely,
thorn.
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