Too big to fail without your tax dollars .... still

[Legion Troll]

Five out of eight of the biggest U.S. banks (Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street Corp, Wells Fargo) do not have credible plans for winding down operations during a crisis without the help of public money.

The requirement was part of legislation passed in the wake of the 2007-2009 financial crisis, when the U.S. government spent billions of dollars on bailouts to keep big banks from failing and wrecking the U.S. economy.

None of the eight banks considered "too big to fail" fared well in evaluations.


http://www.reuters.com/article/us-usa-banks-idUSKCN0XA1B4

 

[The Dude]

A little more cash will help a lot!

 

[Legion Troll]

You think JPP conservatards will cry about the debt when big business is getting the government gravy?

 

[The Dude]

You think JPP conservatards will cry about the debt when big business is getting the government gravy?

I just hope we get some more!
We deserve taxpayer money
Lots of it