They lay low on their yachts and in their country houses until the media criticism ran out of steam and they quaffed their cellars of fine wine until the protestors got bored and moved on, but now the ‘banksters’ are back, and the slippery sharks of the financial world are going to bite us again.
Assume that you ran a business that was found guilty of bribery, forgery, perjury, defrauding homeowners, fleecing investors, swindling consumers, cheating credit card holders, violating US trade laws and bilking American soldiers. Can you even imagine the kind of punishment you'd get?
Today is the Federal Reserve’s 100th birthday. It’s likely to slip by with little fanfare, though it should be a day that lives in infamy. It’s more destructive than Pearl Harbor. In fact, it made Pearl Harbor — and all wars in the last 100 years — possible.