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So much for draining the swamp as Q1 earnings season has kicked-off only to find that so far, the banks are continuing to make record profits. Remember, these guys make private gains, but their losses are socialized – meaning you pay the bill and bail them out! Also, a warning shot across the bow from former Fed chairman Alan Greenspan regarding entitlement spending and the demographics of the USA. A look at the Fed’s meeting minutes from March also sheds some lights on their concerns regarding the leveraged-loan market.