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> For comparison the banking sector managed to take down the entire economy and came out of it virtually unscathed by Washington. "Unscathed by Washington"? S
by dunpeal 8y ago
> For comparison the banking sector managed to take down the entire economy and came out of it virtually unscathed by Washington.
"Unscathed by Washington"? Sure. With a squeaky clean image...? Not so much.
There was Occupy Wallstreet, demonstrations all over the country, and for the vast majority of people, the image of the banking industry has been tarnished.
Also, even though no banker went to jail for fraud, they did get more regulated, and their business suffered from government-imposed restrictions (which they are working very hard to undo).
- dagw 8y agoThere was Occupy Wallstreet With emphasis on "was". People where angry for a while, the government let them vent and then everybody went back to their normal lives and government gave the rich a massive tax cut and slowly started to loosen banking restrictions.
- dunpeal 8y agoI don't know what people you know, but the folks I know in the US aren't particularly happy about banks. Occupy Wallstreet had a huge, lasting impact on the way much of the population views the banking and finance industry. > government gave the rich a massive tax cut and slowly started to loosen banking restrictions. The tax cuts are not specifically for the banking or finance industry.
- slededit 8y agoThey don't want to be liked, they just want to be rich. People have hated bankers since they were invented. Google however is failing horribly at the "getting rich" part. Sure they are successful, but the EU is taking a massive chunk of their business with GDPR. California is trying to impose similar measures, and if they keep this up others will follow. The hammer of regulation will dampen their profits.