Not Enough Bullets
If you look at direct and indirect subsidies to the big banks, it appears that taxpayers are paying for the Bankster's bonuses:
To paraphrase Samuel L. Jackson, I'm sick of these motherf%$#ing bonuses in this motherf%$#ing economy.
H/t Crooks & Liars.
Earlier this year, Bloomberg calculated that the top 10 U.S. banks receive a $83 billion a year in subsidies from the government, due to their cheap cost of funding & the preferential treatment creditors give them because they assume the government sees them as TBTF.Note that this does not include other subsides (hello, Federal Reserve, etc.)
In November, a NYT analysis of a Johnson Associates survey found that the top eight U.S. banks set aside $91.44 billion for bonuses in 2013.
To paraphrase Samuel L. Jackson, I'm sick of these motherf%$#ing bonuses in this motherf%$#ing economy.
H/t Crooks & Liars.
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