Here's one of many reasons why the accusations about President Obama wanting to turn America into a socialist economy are fucking stupid. Big, gnarly, dumbstupid. I'm looking at you, Glenn Beck and R. Lee Ermey.
"JPMorgan Chase kicked off the earnings season on Friday with news that it turned a strong $17.4 billion profit in 2010, up 48 percent from $11.7 billion the year before, as the consumer lending environment improved and commercial banking notched record results."
Socialism!