Read an interesting article about how banks have swung back to pre-crisis profitability. Now I wonder, how much of it is because they are operating with far fewer people, and the ones that are still there are getting lesser bonuses? What are the other drivers of this (near) record profitability?
http://www.theatlantic.com/business/archive/2013/02/theyre-baaack-us-ba…
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nearly finished a post about this, was writing at work today. The delusion of recovery has gone far enough. Will post it when i get in tomorrow.
The Fed subsidizing their business model?
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