Honestly - the banks don’t want too.
They own Obama and Lizzy Warren.
All their budget holes are plugged with taxpayer money.
It’s a good day to be a bank. :)
Oh Oh, you used “Honestly” and “banks” in the same sentence.
Who was it said he robbed banks because that’s where the money was?
Same principle — too much money; conflicts with ethics.
Banks don’t control their regulators, politics through government does.
Banks only play the game that is set for them. Their influences are local and specific.
IMO, the ethics that created the banking, investment and real-estate issues were created by people who believed and still believe that they were acting ethically.
The banks cannot be held ethically or morally responsible for playing inside the game board the was created for them. It’s a competitive environment.
Yet they are and will continue to be held responsible.
As the government now extracts their fines and reciprocities from the banks for doing something the government essentially asked them through regulation to do, the American banking customer will pay for every dollar they extract, in one way or another.