Big Banks survive on government welfare

Source: Bloomberg

Because these banks are too big to fail (TBTF), and are implicitly guaranteed by the US government like Fannie Mae and Freddie Mac, they can borrow at lower interest rates.  The only one that is profitable without taxpayer subsidies is Wells Fargo.

Either break up the TBTF banks or nationalize them.  JP Morgan Chase, Bank of America, Citigroup, and Goldman Sachs are all parasites on the economy.