Sunday, November 1, 2009
Do banks really make profit?
As governments injected trillions of dollars into the banking system it is not really a rocket science to find a way to take out billions out of it (1/1000, order level). Are banks' profit really a profit or simply taxpayers' money taken out by the banks and booked as banks' profit and, in fact, it is a loot? This article should give you an idea about an answer.