Federal Reserve Chairman Ben Bernanke needs banks to make a fortune.
Follow this chain of events, and you'll see what I mean...
The government desperately wants real estate to turn around. It desperately wants money to get in the hands of the people so they can take out mortgages on real estate. This will stabilize home prices and help get the economy going again.
How does the government get money in people's hands? Through banks lending it out.
After the real estate bust, banks got into bad shape. So the government wants to make it as easy as possible for the banks to get back in good shape.
How do you fix a busted bank? You make it really easy for it to make big profits. And by cutting interest rates to zero, that's exactly what Ben Bernanke has done. This way, banks can borrow for next to nothing and lend it out.
That's where we are today... The government is trying to make it easy for the banks to make money in the traditional way (borrowing at a low rate and lending at a higher one).
You might think with times as easy as they are for banks, bank stocks would have soared. But they haven't. Instead bank stocks are dirt-cheap...
The last time bank shares were this cheap was 1995... And bank stocks soared hundreds of percent in the next few years.
Actually, bank stocks are an even better deal today than they were in 1995... They are cheaper today, so they could have even more upside this time around.
Let me explain...
Our True Wealth Systems historical databases prove bank stocks experience incredible booms and busts. If you can catch a boom, you can make some serious profits.
Your odds for big profits improve if you can buy banks at a great value after a bust.