$14 Billion a Year Subsidy for J. P. Morgan Chase

Written by Gary North on June 29, 2012

If a bank is designated as too big to fail (TBTF), it gets on the gravy train. So concluded an editorial at Bloomberg. It pays to be too big to fail. In the case of J. P. Morgan Chase bank, the subsidy is worth $14 billion a year, according to research published by the International […]

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