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Mega banks are objects of the big state, without exception. They're used by the governments in the nations where they reside. That's true across Europe, it's tr
by adventured 6y ago
Mega banks are objects of the big state, without exception. They're used by the governments in the nations where they reside. That's true across Europe, it's true across Asia, and it's true in the US. The big banks, wherever you go, are extensions of power for the government in question. It's just as true in the UK as it is in Ukraine. They don't get swooped down on, for that very reason, the people in power have no interest in doing anything overly detrimental to their own arms of power. So usually at best what you'll get are some slaps on the wrist handed out, the powers that be don't particularly like slapping their own wrists.
JP Morgan, Wells Fargo, Bank of America, Citi, Goldman Sachs, Morgan Stanley, these are financial arms of the US Government. They help the government in countless ways, they do things the Fed or Treasury tells them to do, when they're told to. They assist the government with its funding processes, or with any agendas it might have (eg housing, or sanctions). And no doubt they occasionally do bad things at the behest of someone in government as well. They're amazing scapegoats too, everyone hates big banks, you can just point at them anytime you feel like it; no matter how dirty you are as a politician, you can always win some points by attacking big banks.