rich guy 1% cnbc bankers wall street

Credit Suisse profits plummet 24%, cuts 2,300 jobs, then gives CEO & chairman 33% raise

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It’s nice to know 2,300 employees were willing to sacrifice their careers to pay for two men’s 33% pay raise.
Fed Chair Ben Bernanke via Bloomberg

Fed’s Bernanke agrees “100%” with Elizabeth Warren, too-big-to-fail banks are a problem

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The momentum continues to build in Washington against too-big-to-fail banks, but is it enough?
JP Morgan's Jamie Dimon (photo by Steve Jurvetson)

When even Republicans start hating on the Big Banks, is it time to finally break them up?

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With criticism of the Big Banks coming from all sides, breaking them up may actually be a (slim) possibility.
elizabeth-warren

Big Banks get subsidy of $780bn, equal to entire “stimulus” bill, every year

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$780bn is almost the exact cost of the entire 2009 economic stimulus: $787bn. But banks get it every year.
Eric Holder

If banks are too big to prosecute, break ‘em up

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US Attorney General Eric Holder say banks are simply too big to prosecute. Okay, then break them up.
Wall Street

Too-big-to-fail banks’ profits almost entirely paid for by taxpayers

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“In large part, the profits they report are essentially transfers from taxpayers to their shareholders.”
Video:  Elizabeth Warren at the DNC – “The system is rigged”

Elizabeth Warren: “Too big to fail has become too big for trial” (video)

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Warren to bank regulators: “Can you identify the last time you took the Wall Street banks to trial?”
Robert Rubin, courtesy of the Treasury Dept.

Clintonista architect of Wall Street collapse disses “too big to fail” concerns

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Clintonista and former Citi executive, Robert Rubin, still lives in fantasy-land.
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