I have found from my personal experience, listening to public comments and opinions of those from all walks of life, most folks know little about finance and banking.
I include politicians, particularly those on the left, among this group of the financially ignorant. (I maintain, If they knew more about finance, they would not be intellectually on the left.)
So, it is entirely understandable that bashing bankers is fashionable, especially when economic times are rough. Finding scapegoats is handy. It makes up for any guilt politicians may have in helping foment the economic distress we have.
After all, government excesses, such as poor monetary policy, 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 the bankers! Most folks haven’t a clue to disagree.
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