Tag Archives: Loss

Banks Report Loss: Barack Obama at 11:00

Barack Obama has refined the art of turned profit making into an evil horrible endeavor.

If you are a bank that makes money, you are the evil rich taking advantage of middle class America, who is suffering through the worst recession since the flood.

Oil company?  Corporate greed destroying the planet all the while taking billions in tax payer money to fund their record breaking profits*.

It never ends.  Well, actually, it does.  It ends when Obama actually LIKE a company and would enjoy that company to reap profits.  Like windmill farms, battery corporations and other green firms that go bankrupt in months after Obama comes calling.

After the recession ended and the banks began to report their earnings, Obama was on the news reporting their profits.  “Record breaking and excessive.”

I expect that he’ll be on the same bully pulpit expressing concern for our brothers on Wall Street:

Bank of America reported a second-quarter net loss of $8.8 billion, or 90 cents a share, against a profit of $3.1 billion, or 27 cents a year ago. Economists had forecast a loss of 85 cents a share.

$8.8 billion.  That’s “illion” with a “B”!

I don’t expect Obama to announce this or perhaps even notice this.  But I find it interesting and even irritating that he continues class warfare even as that class he hates drives, or tries to drive, our economy.