This hysteria surrounding the big 'profits' of these banks shows the simple truth that economics is a pseudoscience and, along with the media, is mainly used to brainwash stupid investors, in such a way that their money is most easily stolen.
Did you read carefully what explanation I gave to the table below with these numbers?
"The money has been drained from it, by purposefully investing in high-risk and non-returnable ventures."
When you gave $1000 to a poor man who can't pay you that money back, even at 0% interest, he's unlikely to pay you back if you make that interest 10%.
The biggest bankruptcies in the World history just started. In the coming months, the largest companies will begin to break up into parts, with the idea of keeping only their most profitable parts, while the parent companies themselves will declare bankruptcy. In this way, they will eliminate their debts to the banks and investors. Medium and small companies will simply disappear completely, replaced as such by the newly born offshoots of monopoly companies.
JPMorgan, Citi and Wells Fargo they will be just a memory very soon.. Their bogus 'profits' now only say that their customers will soon be unable to repay their loans. And when a bank's customers cannot pay their debts to it, that bank ceases to exist shortly thereafter.
