The bankers are deft rebranders. Morgan Stanley raises the capital that changes the world. Goldman Sachs empowers 10,000 women. BlackRock is about purpose. Wells Fargo teaches financial literacy. Bank of America teaches better money habits. J.P. Morgan revitalizes neighborhoods.
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What none of those banks has succeeded in doing is working to change the economic system that has allowed financial elites to be among the few to bounce back.
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Everyone should have a copy of the Big Short in their home, and watch it every week to keep them angry at what was done to them by banks, Wall Street and government overseers. The corruption and stupidity were monumental, and not one of them went to jail.
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Trump has made sure that the protections that were put in place to avoid this happening again have now been removed. It is again a free for all until it all comes crumbing down again.
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With the Republicans and tRump and his gain of Crooks we are headed there again. The economy will go into a dive and housing will be in trouble again
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There is enough blame to go around - Wall Street was not the only culprit.
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And this time the US economic crash will be more disastrous. When, Due to trade wars, global currency standard is not USA dollar only. Wait and watch how this happens spurned by china euro etc.
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Make no mistake the millionaires got hit hard too . Many had exposure far worse than just their homes . Properties worth nothing commodities worth nothing banks not lending cash was king
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