Exciting news from Wall Street! Thanks to low-interest rates and an influx of capital from the Fed's emergency lending program and the Troubled Asset Relief Program, Bloomberg reports that 2010 is on track to be the second most-profitable year in Wall Street history. "Even if this quarter only matches the third, [Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley's] revenue will top that of any year except 2009," reporter Michael Moore writes.
Monday, December 13, 2010
Winners and losers
Subscribe to:
Post Comments (Atom)
-
Just finished the annual family viewing of "White Christmas." So good. And the movie's secret weapon? John Brascia. Who'...
-
Warning: This is really gross. When the doctors came to me that Saturday afternoon and told me I was probably going to need surgery, I got...
-
John Yoo believes that during wartime there's virtually no limit -- legal, constitutional, treaty or otherwise -- on a president's p...
1 comment:
Wait, so the most profitable year is still the one where the rest of the country was in the throes of the Great Recession?
Also, without reading the original article, I'm wondering why the switch from "profitable" to "revenue."
Post a Comment