The moral hazard is now eating away at the very foundations of capitalism.
When you have a low-info electorate that sees taxpayer money being used to bail out big banks, and to create one soley to finance business for Boeing and GE, it becomes very, very hard to explain to them why taxpayer money should not be used to give them “free” health care or pay off their student loans.
So true, since retail banking alone earns 19% profit for just allowing ones and zeros to park on IBMs out of the rain.
When you ask someone what they do and they say they own a bank, they should be grimacing with the admission as if they owned a 24/7 washateria and is constantly on call for that kind of profit.