Listening
to public comments and opinions of those from all walks of life, most
folks know little about finance and banking.
Politicians on the left are
among this group of the financially ignorant. If they knew more about
finance, they would not be intellectually on the left.
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 succeeds as political ploys when all else fails? Blame bankers!
Most folks haven’t a clue with which to disagree. (See the Earl J.
Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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