[Moonman62]

Despite apologists to the contrary, the system is, in and of itself, unjust as it gives unfair advandtage to the banking business over any other enterprise.

If that's the case then the banking sector should outperform all others year after year. Is that the case?

[iconoclast63]

Yes, logically speaking, and you will find that certain financial institutions have demonstrated remarkable resiliency over the past decades, even centuries, like Chase and Citi and Goldman Sachs, Lehman Bros, etc..

But it is also important to understand that banks operate under different accounting rules than other businesses. I cannot give you details of the differences but I do know that they are different.

Typically banks talk about assets and reserves rather than revenues and profits.

I may be speculating here but it would not surprise me in the least to learn that GAAP rules for banks are different because it helps them hide their advantage.

I realize that kind of comment makes me look like a tin foil hat wearing conspiracy nut and I hate to give that impression. I have read the history of the money power vs the people, and, bottom line, it's not a conspiracy if it's true.