BAILED OUT BANKS MAKE BILLIONS IN PROFIT?

The FT is reporting that two US banks which are to receive $25 billion EACH made ridiculous profits in the third quarter alone.

Apparently Wells Fargo made $1.6 billion, while JP Morgan Chase (booo, hssss, get off) made just a half billion dollars.

Insane?

Source: "Three big US banks unveil $2.6bn in profits", Financial Times 16/10/2008