fresh voices from the front lines of change







President Obama got it exactly right when he said that we couldn’t go back to an economy in which the banks captured 40% of corporate profits. We needed an economy built on a new foundation.

Well, financial profits are soaring — up a staggering 240% over last year. And have reached about 28% of all corporate profits.

Banks aren’t making this money by increasing lending to companies in the real economy. They are cleaning up borrowing 0% money from the Federal Reserve and using it to buy Treasuries that pay out much more. Nice work if you can get it.

Go to the following for the charts:

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