“To estimate the dollar value of the subsidy in the U.S., we multiplied it by the debt and deposits of 18 of the country’s largest banks, including JPMorgan, Bank of America Corp. and Citigroup Inc. The result: about $76 billion a year. The number is roughly equivalent to the banks’ total profits over the past 12 months, or more than the federal government spends every year on education.” - from this article.
Capitalism during the time of profit, socialism during the time of loss and/or profit - that’s not “capitalism”, it is daylight thievery in Brioni suits.
