The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp.
The FDIC said the industry’s full-year earnings were the second-highest on record at $141.3 billion, an increase over 2011 of $22.9 billion, or 19.3 percent.
Forget that being-worth-a-thousand-words thing. The picture and its caption in this Krugman blog post are … priceless. (I just about fell out of my chair when I saw that. And, five minutes later, I’m still laughing.)