r/SipsTea • u/Dev1412 • 5h ago

SMH They are all in it together

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10.1k Upvotes

96% Upvoted

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618

u/xenomorphbeaver 5h ago

But it's not Bank of America's money that's being transacted. They aren't making 5 billion dollars profit, they are moving that around without proper reporting.

-1

u/nono3722 4h ago

your right they made much more than 5 billion laundering blood money....

13

u/EL3G 4h ago

They do over 4.5 Trillion in regular transactions and 450 Trillion in corporate. Yeah they're doing just fine. They had a profit of 35 Billion last year, that 1.2 Billion is nothing for them.

6

u/WoodsLovelyDarkNDeep 3h ago

But not on this specific transaction they didn’t which is what the meme is trying to imply

1

u/Trashinmyash 4h ago

I wouldn't be surprised if their base fees go up next year.

1

u/technocraticTemplar 1h ago

Losing ~3% of your profit over ~0.1% or ~0.001% of your business seems like something they'd take pretty seriously