by Chris Becker
Oh dear. The biggest division of Megabank just posted a full year profit of nearly $10 billion, or $9.23 net or cash basis of $9.45 billion, depending on how you want to pile up the shekels, “only” up 2% on last year’s whopper.
Not bad for a utility. Excuse me, I meant to say a gold plated, too-big-to-fail behemoth with rotten tentacles in every financialised aspect of the economy with a government-backed guarantee of profit and bonuses for its hugely paid executives….