So I just read in my morning paper that 4 of the 5 largest banks in the United States have racked up perfect quarters in their trading businesses this past quarter. Citigroup was the only one not to break out it’s trading by day, but the other three had zero days of trading losses, and reports say Citigroup also had zero days of trading losses. How did this happen, was…
Read MoreWhat Us “Little Guys” Can Do About These “Too Large to Fail” Banks
How do you feel about corporate America right now? How about the large banks? Wells Fargo and Bank of America are two that I have personal experience with. If they were small businesses, running their business in the manner they are now, I don’t think they would be in business very long. The only reason they can have a complete disregard for the average person in America and operate in…
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