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I think the media attention to these has increased, rather than the actual volume. It's easier to try and pin blame on the biggest bank that everyone else is ta
by Pezmc 14y ago
I think the media attention to these has increased, rather than the actual volume. It's easier to try and pin blame on the biggest bank that everyone else is targeting. Plus, media outlets know if you throw Goldman Sachs in the headline, more people will read the article.
It's mostly scapegoating as far as I am aware, the banking sector collapsed, and people want to blame someone!
- lifeisstillgood 14y agoYeah - I was struck by an interesting thought - don't blame the banks Well actually you can, but we are in a massive period of transition, where technologically based unemployment is chucking middle income earners onto the fire. The sensible response to temporary unemployment is to borrow to cover the down period and pick up with a new job - but for millions there is no job So debt was take. On massively across the board - and debt is what was revealed in the 2008 bust up - there was no where else to hide the debts and bang Not sure if its coherent analysis but interesting (read race against the machine)