A More Ominous Reality: The Banking Industry and its Wall Street Banksters
Not since the Flapper era have the banksters been so foul and financially disastrous (but certainly not self-destructive). They precipitated
Why doesn't our government lock up these robbers and hustlers in tailored suits? You know why. When the U.S. Attorney General admits "some banks are just too big to prosecute" you know that they have handcuffed the government, not the reverse. [12] And when these filthy rich banks are fined it's an easily affordable cost of doing business. "The
Targeting banks for reform while our government remains handcuffed is an uphill struggle against reality to say the least. Let's review some of the reformers' struggles and their outcomes.
1. Occupy Wall Street. For awhile, Occupy Wall Street's demonstrations preoccupied the news, but to what effect other than some publicity?
Outcome: Some short-lived time in the limelight. Andrew Ross Sorkin, the editor-at-large of Deal Book, wrote in September, 2012, that Occupy Wall Street "will be an asterisk in the history books, if it gets a mention at all."[14]
2. Moving Money Elsewhere. The monstrous banks hold the majority of
Outcome: Was Sorkin's harsh assessment a bit premature? Not long after he made it Occupy Buffalo, New York, convinced that city's comptroller to pull millions from the city's account with JPMorgan Chase. It had been accused of a host of financial dirty tricks. [15] Then there's the much-ballyhooed "Bank Transfer" Day started by a single activist on Facebook who was angry over exorbitant bank fees and urged big bank customers to transfer their accounts to smaller banks and credit unions. How much impact did the event have on the financial status of the big banks? They didn't break a sweat. The event was "largely symbolic," said James Kahn, an economics professor at
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