Big banks have copped to heinous crimes that have cost citizens
billions of dollars. And it just keeps happening. Daniel Gross on why the
madness never ends—and no one goes to jail.
We’re 53 months removed from the Lehman Brothers meltdown.
The U.S. bailouts have essentially been wound down at a profit. The Dow Jones
Industrial Average is hovering near 14,000, and global bond markets are as calm
as the Sargasso Sea. At the World Economic Forum last month, bankers like Jamie
Dimon of JPMorgan Chase and Brian Moynihan of Bank of America, strode around
proudly, their places and share prices largely restored. To a large degree, we
have moved on.
But as William Faulkner wrote: “The past is never dead. It’s
not even past.” He could have been
writing about the banks. Day after day, our largest financial institutions
continue to be revealed as unreformed, largely unrepentant bad actors…..
No comments:
Post a Comment