Zero Hedge reports:
In a feat that would seem to defy the odds, Goldman Sachs, JPMorgan Chase and Bank of America this week each said its trading desk made money every day of the first quarter. Goldman said its daily net trading revenue topped $100 million 35 times last quarter out of 63 trading days. JPMorgan and Bank of America disclosed similar eye-popping stats. Citigroup, too, recorded a profit on each trading day, Bloomberg News reported, citing unnamed people who knew the results.
The intrigue is high. If a too-big-to-fail bank’s traders were able to make money every day of a quarter, were they really trading in any normal sense of the word? Or would vacuuming be a more accurate term? What kinds of risks do such incredible profits entail, for the banks and the rest of us taxpayers? And are results such as these too good to be true?
Of course, Weil asks the questions rhetorically. Only a total moron would believe Goldman, Morgan, and Citi were not completely rigging the markets in order to pull off such a feat.
The looting is so brazen, so epic in nature, that they don’t even try to hide it anymore by faking a few bad days in there.
The entire banking system is run by criminal terrorists hell bent on destroying the dollar and bringing in a world banking dictatorship, but not before looting every last drop of real wealth from the public.