by Simon Black
Once upon a time, long long ago in a dreamworld far far away, banks actually used to be capitalists.
They were wealth creators. They wanted to do business with their customers. They facilitated important trade and commerce. They acted responsibly and conservatively with other people’s money.
Now it’s a totally different story.
Banks seem to routinely steal from their customers. They gamble our savings away on ridiculous investment fads, treat us like criminal suspects, bury us in an absurd bureaucracy, and then charge us fees for the privilege of working with them.