Large banks are doing really well

The article linked to in the tweet states: “Banks have more than doubled their capital, their main financial defense against losses. Profits are surging on the back of the stronger economy, and bank stocks have risen more than the broader stock market since the election of Donald J. Trump. Wall Street’s chief executives are enjoying hefty paydays. The Trump administration has started to relax post-crisis regulation, and banks are angling for more loosening. ”

Banks have also paid billions in fines. Yet, Republicans and some Democrats have eliminated safeguards put in place after the recession.

 

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