I think this makes sense from a high-level point of view. It seems like it would be bad for the economy, if more wealth flows from consumers to bank profits. T

I think this makes sense from a high-level point of view. It seems like it would be bad for the economy, if more wealth flows from consumers to bank profits. This is maybe simplistic, but I'm thinking progress is better served if more people can buy iGadgets, than if bank execs can spend more on luxury goods. There are huge, positive, side effects when people buy more technology, because technology gets cheaper, which then advances economic growth.