The big banks have only gotten bigger and more profitable since the crash of 2008. In fact, just last year America’s six largest financial institutions took in a whopping $74 billion…almost twenty billion more than they usually earn in their yearly windfall.
But despite all the evidence showing that it’s never been better to be a banker, a curious narrative has emerged in the mainstream media. According to that narrative, the big banks are actually losing. Right? And they’re losing because the Dodd-Frank act is supposedly working and forcing big banks to play by the rules.
Don’t believe it for a second.
America’s Lawyer, Mike Papantonio, discusses this with attorney Peter Mougey.
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