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Banking Cartel is doing well

WatertheTree

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Bottom Line - Citigroup, Wells Fargo report strong earnings

Citigroup, Wells Fargo report strong earnings
By Roland Jones

Citigroup, the third-largest U.S. bank by assets, said Monday its third quarter net income jumped 73 percent from the same period one year ago.

Americans have no backbone anymore, largly populated with cowards dependant on government to provide for them. So dependant most people have become that they will accept anything government does, so long as they continue to keep the systems of organization exactly as they are.

How many more dollars of debt will the population allow itself to be saddled with while these pukes continue to rake in huge profits?? How many people need to be living in the streets before all the complacent sheep get off the couch and do something?
 
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WatertheTree

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In other news Lowes is closing 20 stores and laying off 2,000 people.

Why, because people cant afford home improvement and the banking cartel is rightfully not loaning money for it, cause people wouldnt be able to pay it back.

MOORESVILLE, N.C. — Home-improvement retailer Lowe's Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations.

Ten locations were closed Sunday; the other 10 will close in a month.

Before the closures Lowe's operated 1,725 stores.

Lowe's, based in Mooresville, N.C., also says it will only open 10 to 15 stores in North America annually beginning in 2012. Previously the company expected to open 30 stores per year. It will open 25 stores this year.

Lowe's says the moves will cost it 17 cents to 20 cents per share in 2011.

In August, Lowe's said volatile weather and shoppers' worries about the economy hurt demand. Its net income was nearly flat in the second quarter and the company lowered its yearly sales forecast.
 

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