http://blogs.law.harvard.edu/philg/2009/10/17/how-wall-street-is-making-its-billions/?ref=patrick.net
How Wall Street is making its billions
philg - October 17, 2009 @ 6:19 pm · Filed under Uncategorized
Wall Street banks have had profitable quarters. JPMorgan Chase reported $3.6
billion in profit (more than $1 billion per month). Goldman Sachs was only
slightly behind, at $3.2 billion. These profits supposedly came from “
trading.” I asked a friend who has worked in the money business how this