“With banks making record profits and the people frustrated by low interest rates on deposits and lack of lending, a nation’s leader is speaking out: “Let me be frank. Our banks earn profit too easily. Why? Because a small number of large banks have a monopoly.”
Those comments came not from President Obama, Tim Geithner, Ben Bernanke or any other U.S. policymaker; instead, Chinese Premier Wen Jiabao made them during a broadcast on China’s state-run National Radio. Here is the direct link.