Citibank says it made "a 1.6 billion dollar profit" in the first quarter of this year. Goldman Sachs considers it its "duty" to return the 25 billion in TARP funds it received. And JP Morgan...good old JP Morgan's CEO will actually stare into a camera lens and look bewildered when you ask him about a bank bailout. "Bailout? What bailout? We didn't need that money. We were fine all the time. You guys were worried about nothing."
If you don't need "government money" because you don't like "government" telling you what to do, then send back all of that "government backed money" the Fed has been handing out to Wall Street banks like it was government cheese.
What school do you have to go to to learn how to make your problems disappear simply by saying they do not exist? The Jedi Mind Trick degree must be hard to get - I only see a handful of people with it, and almost all of them seem to end up on the same little overbuilt northeastern island that sits on the Hudson River.
The entire Wall Street banking sector has devolved, going from a farce, with actors who are paraded before microphones as if they are on stage to repeat nonsensical lines of dialogue from a script that defies the boundaries of logic, to pure outrageous spectacle, even as truckloads of money from the U.S. Treasury are being delivered in the background, the actors raising their voices whenever the hydraulic lifts on the dump trucks begin to scream as they drop their payload of fresh greenbacks.
The whole performance has become one big ridiculous charade. It typifies the theatre of the absurd.
"In being illogical, the absurd theatre is anti-rationalist: it negates rationalism because it feels that rationalist thought, like language, only deals with the superficial aspects of things. Nonsense, on the other hand, opens up a glimpse of the infinite. It offers intoxicating freedom, brings one into contact with the essence of life and is a source of marvellous comedy."
Dr Jan Culík
The Theatre Of The Absurd
The West And The East
To claim "profitability" of a few billion dollars when over a trillion dollars has been pumped into the banking system is beyond surreal - it is the signal for a total and complete psychotic break with reality. I wouldn't expect these guys to ever admit this, though, which is why they all need to be fired, officers and board members alike, the way they fire people in their own organizations - with a security guard escorting them out the door as they carry that cardboard box of their belongings in their hands.