The Los Angeles Lakers have won 16 NBA championships and are valued at around $4 billion. The team pays its top two players, LeBron James and Anthony Davis, $37.4 million and $27 million respectively. Despite shelling out top dollar for superstars, the franchise regularly turns an annual profit in excess of $100 million.
Back in the 90s I used to work for what started out as a small bank but was then acquired by a large bank & eventually swallowed up by what would become Wells Fargo. They used to love saying that banks “aren’t non-profits”. Banks & bankers are some of the greediest people I have ever personally dealt with, right behind republicans
I could wait a ten days and read this in the NY Times or I could read about this corruption in REAL TIME. You are a pit bull, Judd. Keep growling.
Back in the 90s I used to work for what started out as a small bank but was then acquired by a large bank & eventually swallowed up by what would become Wells Fargo. They used to love saying that banks “aren’t non-profits”. Banks & bankers are some of the greediest people I have ever personally dealt with, right behind republicans
Let’s just call it the BPPP, the Bank Profits Protection Plan
Well, obviously the banks were the wrong tool to use to distribute these funds.
Rich companies get richer. Rich banks get richer. Everyone else? Not so much. Welcome to American in the 21st Century..............
The big banks see disaster as a time for profit (see also the financial crisis of the 2000s), and it speaks volumes.