No Banker Left Behind: How We Give Big Banks $83 Billion A Year In Our Taxes

by
Abby Zimet

The country's top five banks - JPMorgan, Bank of America, Citigroup, Wells Fargo and Goldman Sachs - aren't just too big to fail. They're also too big to turn a profit, which is why the profits they report are essentially transfers from us to their shareholders: When we pay our taxes, we give them at least 3 cents on every dollar. More on how we pay these monsters to put us in grave economic danger from that bastion of Marxism, Bloomberg Business. With Ry Cooder telling it like it is.

Update: Here's Elizabeth Warren doing it too, grilling Ben Bernanke on the same $83 billion subsidy.

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