Trillions? Even if you were referring to the amount of money made by all American investment banks in the last several years, you'd still be off by a few orders of magnitude.
Oh really? In 2009 The Fed had brought 1.25 trillion in mortgages. And that was just in 2009.
Research the Federal Open Market Committee or GSE's.
The banks made it coming and going. And still are. I also wanna point out banking isn't the only sector enjoying these golden times. The drug war, terror war, general war, oil, food - all enjoy generous subsides/funding from our government.
If you buy 100 dollars of mortgage bonds at a price of p and I buy it from you at a price of q, then your profit in that transaction is 100*(q-p), not 100. Besides, if you look at the profits made by investment banks since 2008 you'll see that they're nowhere close to trillions. Even the most profitable investment bank in the world, Goldman Sachs, had a total net income in the last three years of less than 25 billion. But your implication was that they made trillions as a result of what happened in the financial crisis, which is an even stronger claim.
Research the Federal Open Market Committee or GSE's.
The banks made it coming and going. And still are. I also wanna point out banking isn't the only sector enjoying these golden times. The drug war, terror war, general war, oil, food - all enjoy generous subsides/funding from our government.