Banks report record earnings of $40.3 billion in the first quarter
Profits at the nation’s banks topped $40.3 billion in the first three months of the year, the largest quarterly total on record and evidence of the industry’s robust recovery, the Federal Deposit Insurance Corp. said Wednesday.
“The banks are back,” [Moody’s Analytics chief economist Mark] Zandi said. “Only four years after the banking system was literally looking into the abyss, it is highly profitable again.”
I don’t know about you, but I have been so worried about the tiny handful of citizens that comprise our nation’s bankers. Like all oppressed minorities, they have long suffered from a disproportionate lack of political clout, and are unfairly demonized just for going about their business. Although we can try to empathize, none of us can truly imagine the burdens they live with and the pain they endure.
But today, once again, we see affirmation that the American Dream really is within the reach of anyone who has the strength of character to work hard and pull themselves up by their bootstraps.
God* bless America!
* By which I mean Vishnu. Obviously.