Obama, Bush, and bank profits

Published November 8, 2011 5:00am ET



Banks have earned more profit in Barack Obama’s first 2.5 years than they earned in all of Bush’s 8 years, reports Washington Post business writer Zack Goldfarb. Goldfarb’s article, and the data on which it rests, highlights two important truths:

  1. Banks are doing very well in the wake of the crisis which they helped cause.
  2. Barack Obama has not been a scourge of the banks.

That said, there are a number of odd things about Goldfarb’s article. For one thing, his most eye-popping claim lacks context:

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