July 25, 2012
Wall Street makes a lot of money. Or, more correctly, they TAKE a lot of money, as the leeches and banksters on Wall Street are very much Takers, rather than Makers. They don’t make anything – they just move money around and skim – take – their vig off the top. But in the process, they end up with hundreds of billions of dollars in cash – truly big bucks. About a dozen Wall Street banksters made over $2 billion dollars last year – EACH! And the banks themselves have had one of their most profitable years ever, borrowing billions from the Fed at zero percent interest rate, loaning that money to the US Treasury at 2 percent or so, spinning off trillions in derivatives, and stuffing all the profits in their pockets.