"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
Jack Harlow
Friday, Sept 18 @ Fox Theater, Oakland
Ravi Coltrane
Saturday, Sept 19 @ UC Theatre, Berkeley
Kruder & Dorfmeister
Friday, Sept 25 @ Fox Theater, Oakland
Erykah Badu
Sunday, Sept 27 @ Greek Theatre, Berkeley
Lyrics Born
Friday, Oct 2 @ The Chapel, SF
Jungle
Wednesday, Oct 7 @ Greek Theatre, Berkeley
ScHoolboy Q
Friday, Oct 16 @ Fox Theater, Oakland
Hugel
Saturday, Nov 7 @ Greek Theatre, Berkeley
Bonobo
Saturday, Nov 14 @ Fox Theater, Oakland
Pretty Lights
Thursday-Sunday, Nov 19-21 @ Fox Theater, Oakland
Ozomatli
Saturday, Nov. 21 @ UC Theatre, Berkeley
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