Times' Sorkin: US Banks Lying About their Profits

It's amazing to watch how our news media inches ever closer each day to reporting the actual facts about our big US Banks.

Andrew Ross Sorkin writes today on the topic. Although to describe how our big banks have been characterizing their recent performance as businesses Sorkin does not use terms like lying, deceitful, dishonest, two-faced, insincere, untruthful, mendacious, double-dealing or false, he does cite sources who say that Banks report profits "out of thin air" or that they claim to "pull a bunny out of a hat" or that they engage in "sleight of hand" or that "they pulled the same trick" or that their reports are "perfectly delusional."

This is the how the Times describes our banks.

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