Listening to public comments and opinions 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 when fomenting economic distress.
Government excesses, such as poor fiscal policy 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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