The reason: despite all the “regulations” in the Dodd Frank Financial “reform” and the Volcker Rule and The Fed’s “oversight:’ the banks seems to have free reign to do what they will despite the financial crisis, and the pathetic “recovery.”
There have been fines and settlements but nothing is settled. None of them have or will go to jail.
Economic conditions continue to stress out millions even as the Fed announces “stress tests” that appear on the surface to be a way of insuring that big banks won’t need more bailouts.
Sad to say, it’s more of the charade. Partially that’s because the banks dominate the Federal Reserve, a private, not public, institution.
And, partially, because when it comes to economic crises, the stories are buried in the business pages and rarely surface as topics of concern on popular talk shows and media that most folks watch.… Read the rest