Banks make a lot of money when the Fed + Treasury outlaw losses

(You can listen to this post above via our podcast series on The Goldmine) This morning’s explosive quarterly earnings report from JPMorgan is a reminder that ever since financial losses were outlawed last year, Wall Street banks have become insanely profitable. With trillions of dollars worth of stimulus available – both fiscal and monetary – you basically don’t get the wave of bankruptcies that ...

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source https://thereformedbroker.com/2021/04/14/banks-make-a-lot-of-money-when-the-fed-treasury-outlaw-losses/