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JP Morgan boss says Trump attacks on Federal Reserve could push up inflation
(www.theguardian.com)
this post was submitted on 13 Jan 2026
199 points (98.5% liked)
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Then they came for the Bankers
And I did not speak out
Because I fucking hate bankers.
If all the bankers would magically disappear from this world, the world would actually be a shit tonne better...
Bankers fulfill a pretty important role, which is that they turn excess money that would otherwise be economically unproductive into economically productive loans. The world would be a lot worse without bankers.
All the negative behaviour associated with banking comes not from the bankers, the people who work at the branches writing loans and collecting deposits, but rather from finance bros at the top making the management decisions.
When a financial institution is ethically run, you tend to not think about it because it just quietly does its job in the background without making noise or causing trouble. You always hear about big banks in the news doing something shady but when have you heard about a credit union or building society ripping off their customers to the tune of hundreds of millions?
Lack of regulation... Lack of enforcement... Outrageous costs and profits... Fees fees fees and fines... Low to negative interest paid... Capital controls... Mandated inflation so 1$ earned is .90c spent. Too big to fail... Too big to jail... Dangerous gambling with fictional synthetic derivatives...
or the US could just properly regulate it's banks, like most of the rest of the world does.
US banks are still doing boom and bust predatory lending like it's the 1600's