Bad news for the people that want to lynch all the bankers. Banking is a necessary evil for a functioning modern society.
With no one handing out loans, people can't buy houses, businesses can't operate with lines of credit to stock up on inventories. New business
ventures and projects that won't produce revenue streams till some future time cannot be initiated.
Arguably, without banks, society would collapse.
How much control should be put on the banking sector is always a question. Sometimes giving them free rein is bes, sometimes reining them in is
preferable. All the US can do now, treading uncertain waters, is learn form the past mistakes and rectify them.
If the banking sector wants to remain intact without deeper government control, it will make concessions. Let's see if that happens.
Mike

