Listening to public comments and opinions of those from all of life, folks know little about finance and banking. Politicians are among this group of the financially ignorant. If they knew more about finance.
Thus, it’s entirely understandable that bashing bankers is fashionable, especially during tough economic times. Finding scapegoats is handy. It makes up for any guilt politicians may have in helping foment economic distress.
Government excesses, such as poor fiscal policy from the White House and monetary policy from the Federal Reserve, most often produce economic problems, not bankers who become bystanders by necessity and happenstance.
What else succeeds as political ploys when all else fails? Blame bankers! Most folks haven’t a clue to disagree. (See the Earl J Weinreb NewsHole® comments.)
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