Earnings pop at big banks, but under headline numbers are worries over mortgages, consumers

  • Article by: CHRISTINA REXRODE , AP Business Writer
  • Updated: July 17, 2013 - 5:50 PM

NEW YORK — Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

  • 2
  • Comments

  • Results per page:
  • 1 - 2 of 2
wplettfanJul. 17, 13 3:24 PM

Guess they'll just have to get back to work figuring out new ways to suck fees from their customers.

0
0
hjlazniJul. 18, 13 9:40 AM

"Polini thinks that revenue from mortgages and trading activities, which helped earnings this time around, will suffer through the end of the year, and he questions whether the U.S. economy can grow enough to support anything more than sluggish loan demand" A recession results when wealthy people do not loan money or invest themselves in new projects that would result in true economic growth. I disagree with Polini, there are always entrepenuers that propose new projects and only need investors and lenders to proceed. A Tax on Hoarded Assets would decrease the occurrence of recessions, forcing the wealthy entities to invest and loan or lose, lets say 15% of, their assets to taxes to the U.S. Treasury each year. Finally, you have to decide if the money is actually owned by both the government and the asset holder and the government makes rules on how much money entities, including people, can possess.

0
0
  • 1 - 2 of 2

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT