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Have We Reached Peak Wall Street?

April 4, 2014

This article is from our friends over at Peak Prosperity. It dives in to the issue of the Fed and TBTF banks having too much influence over the political and financial backbone of the nation. It’s impossible to deny after the tens of trillions of dollars these TBTF banks were given because they had completely mismanaged their business. Not to mention that we as a financial community have accepted the term “To big to fail (TBTF)”

The chart below is a great example of how “The enormous profits of Wall Street and the TBTF banks are based on an extraordinary expansion of leveraged credit that is visible in the red line… Simply put, the only way the financial sector (Wall Street and the banks) could continue to grab almost 5% of the nation’s entire output as profit is if the Fed keeps interest rates near-zero and floods the system with the limitless liquidity of expanding credit and money-printing”.

Financial profits vs Debt/GDP

Click here to read the full post.

Discussion
3 Comments
    Apr 04, 2014 04:47 AM

    TBTF…………TO BIG TO GO TO JAIL…..TO BAD FOR US…..

    Apr 04, 2014 04:52 AM

    AOL…………”200MILLION social security numbers have been compromised”….
    I bet the banks stole the info…………this will be a new form of CREDIT…….

    Apr 04, 2014 04:19 PM

    STATE DEPT….is missing $6 BILLION ….that is suppose to pay contractors.
    according to Fiscal Times 4-4-2014 could we call these guys Morons?