Wednesday, October 21, 2009

Wall Street's Billions

The past quarter has been very good to the investment banks on Wall Street.  JPMorgan Chase reported $3.6 billion in profit and Goldman Sachs came in at $3.2 billion.  How have they been able to do this well with many other banks continuing to struggle, and the everyday citizen still feeling the effects of a tough economy?

Is it this simple?

(ht: kottke)

No comments: