NEW YORK ( TheStreet) -- Last week, the Federal Deposit Insurance Corp.'s banking profile for the second quarter of 2012 showed a 12th consecutive quarter of year-over-year earnings gains. The banking system earned $34.5 billion during the quarter on the back of lower loan-loss provisions and higher gains on the sale of loans and other assets.In my opinion, studying this FDIC data is extremely important when evaluating the U.S. economy, as its Quarterly Banking Profile is essentially the balance sheet for GDP.
The Banking System's Slow, Stressful Recovery
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