Is anybody else baffled by the huge profits announced recently by Wells Fargo, JP Morgan, and other big banks? I was scratching my head for a while. We've just been through the worst financial system meltdown our country has ever seen, including massive bailouts as a last-gasp effort to keep many banks operating as viable businesses. How can impeding insolvency suddenly change to massive profits, in the span of a few short months?
Current Debt: $36,242.95
Starting Debt:$63,311.34
Monthly Commitment: $1,500
Average Rate: 3.72%
Payment Efficiency: 92.35%
Payoff Date: Dec-2011 -2y 2m