April 20, 2009

Banks Reporting Profits: Are You Kidding Me?

If you pumped into my bank account the tens of billions of dollars the Bush and now the Obama administration have pumped into the banks, I'd show a profit too. How can these so-called "profits" be taken seriously?

Update: Oh yeah, I forgot to mention that banks are also borrowing from the Fed at 0% and selling at 4-7%. Again, give me some of that action and I'll turn a profit too.