Remind me who it is again that is all chummy with the big banks…
So, the cronyists are “on edge” and feeling “anxiety.” Gee, just breaks my heart.
Apparently ANY large financial institution’s employees can commit a crime, and, according to Holder’s theory of the law, the economic health of the country comes first. Justice just has to wait. Or be suspended all together, as long as those people are big and important enough.
Anybody need still another argument for reviving the old Glass-Steagall Act (1933-99), with its salutary separation between commercial and investment banking? If so, JPMorgan Chase has just provided one. A big one.
When banks generate huge profits, they are exploiting the American people, engaging in unadulterated greed and, needless to say, in need of more regulation.
I don't know if it's Dodd-Frank. Or if it's Barney Frank and Christopher Dodd themselves. Or if it's just the big bankers. But the reality is, our banking system is completely screwed up when it comes to getting a home loan.
The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government | Daniel J. Mitchell