$4.1 - Wells Fargo reports record $4.1 billion profit in third quarter
$3.9 - Wells Fargo earns $3.9 billion in second quarter
$3.8 - Wells Fargo & Co. reports a rise in first-quarter net income to $3.8 billion
$11.8 Billion dollar profit for 2011 to date for Wells Fargo
How about a titch of perspective:
WOW! Wells Fargo can cover the Federal Baselilne Cost of SCHIP 5.6 times. What a Golden Opportunity for Wells Fargo to untarnish their brand.
What do you say, Well Fargo? Why not pay some forward for the health of American Children. Pffft! It would be the best Advertisement gimmic of the century!
For that matter, for a measely $16.25 Billion, you and, let's say, Bank of America, JP Morgan, Goldman Sachs, The Federal Reserve, and CitiBank could team up and cover the entire Federal Expense for the
Well, maybe BoA isn't In the Money: Bank of America Corporation today reported a net loss of $8.8 billion(second quarter)
I think they might be able to spare at least a $Billion if, for no other reason, they care at all about their public image. Just a thought BoA.
Ok, I can go on and on and present the Profits of the Billionaire Club Banks and Corporations, but no one will really read them.
The point is Tens of Millions of Americans are suffering. Many blame these Multi-National Banks and the politicians that enable them.
These Multi-National Banks are reporting Tens of Billions in Profits for this year and the media is flaunting their HUGE successes while also reporting that they will begin charging more for us to access our money via our debit cards.
That's crazy making behavior. Double messaging: We're In the Money & We Want More of Yours.
So, I am freely offering my marketing advice to the avarice of Wall Street and the Patsies in DC.
It's time for a Schooner Tuna Campaign before all hell breaks loose on the the corner. WAKE UP Corporate America, do something helpful for a change:
Cue the commercial: A message from Howard Humphrey, President & CEO of Schooner Tuna – “My fellow Americans. I am Howard Humphrey. All of us here at Schooner Tuna sympathize with all of you hit so hard by these trying economic times. In order to help you, we are reducing the price of Schooner Tuna by 50 cents a can. When this crisis is over, we will go back to our regular prices. Until then, remember, we’re all in this together. Schooner Tuna. The tuna with a heart.”
Our country is saved by advertising a fictional product. Sounds reasonable.
If only our current reality would be so generous.
a few more words and facts below
We know that there are $Trillions sitting on the side line refusing to hire and/or expand IN the US with excuse after excuse parroted ad nauseum by their DC Puppets.
What is little known is that even the 1% are being bilked:
U.S. companies raised dividend payouts by $9.6 billion in the third quarter to keep hungry shareholders happy and attract those earning almost nothing on bonds.
That's chump change compared to dividend payouts of the past. And it comes at a time when the nation's companies are sitting on more cash than ever.
Dividend payout rates have historically averaged 52% of earnings per share, but are now running near all-time lows at under 30%, according to S&P Indices. Companies have "considerable room to increase payments," S&P Indices says. But they won't.
So, if Corporations are people, they seem to lack a lot of human decency. In fact, they lack every human emotion other than unabashed GREED.
So, when you hear the DEFICIT HAWKS wax on and on about the USA can afford to take care of its poor children, poor people, and all of its senior citizens, I beg you
STAND UP AND SHOUT "BULL SHIT, go ask the good people with $Trillions sitting on the side lines and $Billions in quarterly profits to cough up the monies needed to pay for necessary services to our most vulnerable"
Again, Wells Fargo can easily cover SCHIP all by its one-sies.
Standard and Poor's says just the non-financial companies in the S&P 500 -- that is to say, not including banks and insurance companies -- have socked away more than $1 trillion. A record, should you be curious. And up 12 percent since last year.
And Food Prices. Look out. The Banks will literally Play With Our Food in the commodity markets to raise profits for the next quarters.
Trashing Glass-Steagall wasn't quite enough. The same Congress, with the DINOs backing them, set the stage for many of our woes
The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over-the-counter derivatives.
It was signed into law on December 21, 2000 by President Bill Clinton. It clarified the law so that most over-the-counter (OTC) derivatives transactions between “sophisticated parties” would not be regulated as “futures” under the Commodity Exchange Act of 1936 (CEA) or as “securities” under the federal securities laws. Instead, the major dealers of those products (banks and securities firms) would continue to have their dealings in OTC derivatives supervised by their federal regulators under general “safety and soundness” standards.
The Commodity Futures Trading Commission's desire to have “Functional regulation” of the market was also rejected. Instead, the CFTC would continue to do “entity-based supervision of OTC derivatives dealers.” These derivatives, especially the credit default swap, would be at the heart of the financial crisis of 2008 and the subsequent Great Recession.