Originally Posted by Donger
Most financial institutions, such as commercial banks, are routinely more profitable than Exxon Mobil was in its third quarter. For example, Exxon Mobil's gross margin of 9.8 cents of profit for every dollar of revenue pales in comparison to Citigroup Inc.'s 15.7 cents in 2004. By percentage of total revenue, banking is consistently the most profitable industry in America, followed closely by the drug industry.
So why is it the consumers fault the idiots that run Exxon weren't smart enought to get when they're profits sucked so bad for so long....
It's no different then me raising my fee's for servicing a loan when the company next door makes more building window frames.
Apples and Oranges...IMO