Friday, June 29, 2012

$14 Billion a Year Subsidy for J. P. Morgan Chase


If a bank is designated as too big to fail (TBTF), it gets on the gravy train. So concluded an editorial at Bloomberg. It pays to be too big to fail. In the case of J. P. Morgan Chase bank, the subsidy is worth $14 billion a year, according to research published by the International Monetary Fund.
Read the rest here
The Tea Party Economist 

Judy Morris,
Blogger, THL
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