Hard hitting straight to the gut! The truth hurts.
Thanks Rippadonn, This video captures the issue. Not that most care. Many that do care are against any reform for their own blind ideological or selfish reasons.
Look no further than government deregulation as the cause of this financial manipulation by the largest Western Banks that colluded with one another to manipulate the LIBOR rate and increase their profits and bonuses off the backs of the American and European consumers.
This is a replay of energy deregulation last decade on a much grander scale. ENRON employees toyed with California energy consumers by intentionally shutting down power plants during peak hours to drive up the cost of electricity to astronomical levels that cost the Governor of California his job. Their illegal behavior ultimately led to the destruction of ENRON and the imprisonment of many of their employees.
The large banks and their corrupt employees/leadership deserve the same fate as ENRON. It will likely take another world financial collapse before most citizens wake up to the rampant corruption of our financial industry.
Our political representatives will not take the required action now because they have for the most part been captured/bribed by the financial industry/Wall Street special interests they are supposed to regulate.
The Republican House of Representatives recently voted to dramatically cut the funding of financial watchdog agencies in an attempt to roll back/limit the few recent tepid reforms.
Unbelievably there are still plenty on here that will continue to say we need to deregulate Wall Street even more. Clearly they are blinded by self interest or dependent on information coming from one of the 6 remaining giant media conglomerates (made possible thru, you guessed it, government deregulation) that control most of our news and are in large part mouthpieces for industry.