Want to know why our ancestor hated banks, just watch the movie “Inside Job.”
The documentary was well done, except where Glenn Hubbard got pissed off. If he would have talked to me like he did the interviewer, I would have bitch slapped him.
Inside Job starts off with Iceland, a nation that was financially sound. that is until regulations on the banks are reduced and government oversight is laxed.
The Inside job talks to various people about what helped create the crash of 2008.
Long story short, the working class people are screwed and the banks are going to keep getting richer.
There is a saying I saw awhile back that stuck in my head – “privatized profits and socialisd losses.” Meaning, when times are good, the banks keep their profits. When times are bad, the tax payers have to foot the bill.
When the federal reserve is there to hand the banks whatever money they want, who worries about losing money?