Global Bankers Holding a Pity Party for Themselves

This has set off a pity party among Wall Streeters and other big bankers. “At what point does this stop?” whined a Bank of America executive. Complaining about paying out $13 billion for some of his bank’s crimes, a JPMorgan poo-bah said: “We should all be concerned that there doesn’t seem to be a natural end point to how high fines can go.”

Note that he wasn’t concerned about an end point to the crimes bankers are committing. Likewise, the top executive of Deutsche Bank was outraged that a German official has criticized bankers there for evading regulation: “It’s irresponsible to comment in such a populist manner,” cried the haughty banker. Again, no concern for the irresponsibility of bankers who keep evading regulation.

What we have here is business as usual. For bankers, it’s still all about themselves – money over ethics. And they wonder why they’re not loved?

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This piece was first published on Jim Hightower’s website.