This is what I think about when law enforcement asks for help finding bank robbers who hurt no one during the commission of their withdrawal.
The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.
Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration…
Behind this turnaround, in significant measure, are government policies that helped the financial sector avert collapse and then gave financial firms huge benefits on the path to recovery…
Some of Wall Street’s success has moderated in recent months, with bank stock prices down and layoffs on the rise. This mostly has reflected the renewed slowdown in the U.S. economy this year and the European debt crisis buffeting global markets.
Representatives of the financial industry say regulations in last year’s Dodd-Frank legislation, which Obama pushed for and signed, also have crimped bank profits. But many analysts think the law will make the financial system more stable…
One of the main reasons Wall Street rebounded so quickly from its lows is government support.
Wall Street’s resurgent prosperity frustrates its claims, and Obama’s
Emphasis added above those right-wingers who believe government can do no right and that Obama is a Kenyan-born anti-capitalist trying to destroy America’s economy.
(via ryking)
