{"id":3327,"date":"2013-06-03T14:20:45","date_gmt":"2013-06-03T18:20:45","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=3327"},"modified":"2013-06-03T14:20:45","modified_gmt":"2013-06-03T18:20:45","slug":"banks-are-doing-better-than-ever-the-middle-class-not-so-much","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2013\/06\/banks-are-doing-better-than-ever-the-middle-class-not-so-much\/","title":{"rendered":"Banks Are Doing Better Than Ever. The Middle Class, Not So Much."},"content":{"rendered":"<p style=\"text-align: center;\">\u00a0<a href=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter  wp-image-3246\" alt=\"federal-reserve\" src=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve-300x225.jpg\" width=\"210\" height=\"158\" srcset=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve-300x225.jpg 300w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve-150x112.jpg 150w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve-400x300.jpg 400w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/05\/federal-reserve.jpg 413w\" sizes=\"(max-width: 210px) 100vw, 210px\" \/><\/a><\/p>\n<p>The nation&#8217;s banks are reporting record profits, according to new numbers out Wednesday from the Federal Deposit Insurance Corporation (FDIC). Most of the rest of us aren&#8217;t faring quite so well.<\/p>\n<p>Bank profits topped $40.3\u00a0billion in the first three months of the year, according to the FDIC, attesting to a strong recovery&#8230; in the banking sector. &#8220;The banks are back,&#8221; Moody\u2019s Analytics chief economist Mark Zandi told the Washington Post Wednesday. &#8220;Only four years after the banking system was literally looking into the abyss, it is highly profitable again.&#8221; The biggest banks, including Wells Fargo, Bank of America and Citigroup, accounted for most of the industry&#8217;s profits.<\/p>\n<p><strong>MORE:<\/strong> \u00a0<a href=\"http:\/\/www.motherjones.com\/mojo\/2013\/05\/bank-record-profits-fdic-unemployment-housing\" target=\"_Blank\">Banks Are Doing Better Than Ever. The Middle Class, Not So Much. | Mother Jones<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The nation&#8217;s banks are reporting record profits, according to new numbers out Wednesday from the Federal Deposit Insurance Corporation (FDIC). Most of the rest of us aren&#8217;t faring quite so well. Bank profits topped $40.3\u00a0billion in the first three months of the year, according to the FDIC, attesting to a strong recovery&#8230; in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,22],"tags":[38,533,586],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/3327"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=3327"}],"version-history":[{"count":1,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/3327\/revisions"}],"predecessor-version":[{"id":3328,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/3327\/revisions\/3328"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=3327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=3327"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=3327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}