Wall Street banks are set to hit a trillion dollars in profit over the past decade.

Meanwhile, the net worth of middle-class families continues to decline.

Folks, this is unsustainable.

Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade

It isn’t just the scale of profit that’s startling, but the industry’s ability to push through scandals and thrive anew.

Bloomberg

@rbreich millions of people are dying in wars.

Yeap. Capitalism in America.

@rbreich This is a crime in many ways.
Unfortunately the criminals will never get properly punished for crimes against humanity.
Don’t feed me the spin about how profits get invested to help society. This kind of profit is purely unearned income, stolen from the pockets of those who work the hardest have the least money and pay the most to play the game.
It’s a fiscal pyramid, built by workers just like the ancient pyramids. A monument to excess.
@rbreich Had Eric Holder indicted the CEOs of the Wall Street securities fraudsters and Tim Geithner broken up the big banks, those blue collar Americans who lost homes, pensions, and jobs in 2008, would not have abandoned the Democratic Party in 2016. We needed a build-up from the bottom, not a bail-out for the top.