"On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country's position in global finance."*
What does "too big to fail" mean in borrowing and subsidies? Do banks get an unfair advantage being labeled as "safe" borrowers because they'll be bailed out? Is it odd that the amount of taxpayer subsidies that go to banks equals the same amount as their profit? Cenk Uygur discusses this broken system.
*Read more from Bloomberg:
http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html
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Best guide to hip hop, soul, reggae concerts & events in San Francisco Bay Area, Los Angeles & New York City + music, videos, radio and more
KRS-One
Friday, Jan 17 @ The Midway, SF
ScHoolboy Q
Saturday, May 17 @ Fox Theater, Oakland
Lalah Hathaway
Friday-Sunday, Jan 24-26 @ Yoshi's, Oakland
Lettuce + GZA
Friday, Jan 24 @ Fox Theater, Oakland
Tobe Nwigwe
Sunday, Mar 30 @ Fox Theater, Oakland
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