Erin Burnett of CNBC doesn't get it. She was on Meet The Press yesterday and decided to demonstrate her ignorance to an even larger audience than normal.
Erin. Banks would not have been able to pay bonuses to any staff if not for the capital injections from taxpayers. Stop with your nonsense about seperate pools of capital. Every single one of the large banks is insolvent: 30:1 leverage on shit assets is indeed a bitch. The taxpayer bailout via the Fed and Treasury is a morphine drip.
So Erin, your argument is specious and smacks of being too far up Jamie Dimon's ass. Remove it, and study pooled capital before we decide to target you.
And a bonus pic of Bat girl if you made it all the way down here.