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Wednesday, October 3, 2012

''No Joy on Wall Street as Biggest Banks Earn $63 Billion''

From Bloomberg

''Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43 months, the country’s biggest banks are making almost as much as they ever have.

The combined $63 billion in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.''

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